fuel cell good? $fcelnot sure what this company does but earnings are a month away and chart gives off pumpy vibes .
FEY trade ideas
FCEL 4th-wave FAILS; Rejected: Retracing, Bottom Out -> DUMP it.FCEL had the makings of a nice long - it even flashed the potential of going +3.1 / share.
It has lost all momentum in this latest correction wave with a virtual complete retrace of the third correction wave. The warning was that if this hit 2.1/s it would be in dump territory and it's pretty much there now. As to whether to hope for and wait on a slight bounce-back to the 2.4 range? I'd like to hope that's smart. That said, if it pushes close to the true trough of 2.10 - A loss will be taken that point and the position exited. This isn't necessarily hard-line advice, but it is certainly the red flag feared that signals a loss of faith in any sort of play on $FCEL holdings.
--Conclusion: Win some, lose some: This is NOW A LOSS.
--The average cost, for whatever it matters was 2.71. Thus, we're watching our chips leave at about a 60 cent per share drop. C'est la vie.
Best of luck to everybody! Happy trading?!
"Mama said there'd be days like this, there'd be days like this, mama said..."
-BDR
Post Note: See also the *failed* IDEA that this would NOT retrace the third - b/c reveling in misery is healthy. Sure.
$FCEL 4th-Wave Progression Checks out: Doubtfully retraces 3rd!Fuel Cell appears to have now reached its "Fourth Trough," and it checks out as higher than the previous three.
The mark to watch w/ caution was 2.1 per share, and with it bouncing fine off 2.4, the continued step-up in correction wave continues: That is NOT to say things are now BULLISH on this holding -- but exhale, the bleeding appears to be coming to its stop with strong long-term indicators in abundance still.
The ultimate upside is, still, highly speculative, but the reflection of a 2.4 low in this trough can only be taken as ::::::POSITIVE SIGN::::
As always, Happy Trading!!
-BDR
**Post Note: See related idea for why this was considered a LONG, and still, could be a long and decent future swing**
FCEL "4th" consolidation wave drives to Trough of 3rd: BEARISH!Fuel Cell has crashed harder than expected and there are a lot of bearish indications on this play now. The average cost is blown (2.79) and now it is pushing towards a trough near 2.4/share. It's tough to guess if this bottom goes even further. Caution is advised; this is never true advice -- but I will NOT be doubling down on FCEL. The hope is to eventually re-realize something closer to average cost before divesting to another position. Perhaps others may not. But that is why I always close, May the odds be forever in your favor.
Overall, this isn't a miss yet - but it's looking far more bearish with further data than we had at the last time of FCEL updates. We'll chime in more when more data makes itself available. Counsel is mostly undecided here :)
Happy trading!
$FCEL looking bullish mid to longer term$FCEL is forming my favorite bullish pattern: ascending triangle on the daily chart. No play yet but it is coming if it can break past the upper horizontal white line. Price targets are in red with a lot of upside here. Any news on battery production for larger company’s and this can run way past the price targets. This may trade in the trend to fill the triangle for a couple more days or could break out tomorrow.
Bullish Sector - Booming Revenue, Joining Russell 3000FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and micro-grid, as well as multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications. It also provides SureSource Capture system that separates carbon dioxide from the flue gases of natural gas, biomass, or coal-fired power plants, as well as industrial facilities; and SOFC/SOEC and Energy Storage, a solution for energy storage using solid oxide technology. The company's SureSource power plants generate electricity and usable heat. It serves various markets, such as utilities and independent power producers, industrial and process applications, education and health care, data centers and communication, wastewater treatment, government, and commercial and hospitality. The company primarily operates in the United States, South Korea, England, and Germany. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.
On 06/26/20, FCEL announced it was joining the Russell 3000
On 06/12/20, FCEL announced record earnings with an inline on EPS and a beat of $18.90 million on revenue.
Revenue increased 105.08% over sales of $9.22 million the same period last year.
Currently, Daily Chart looks good.
PMO is rising, Bullish
MACD is rising, Bullish
OBV is rising, Bullish
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Fourth Wave of FuelCell Consolidation: THE Major Breakout? LONG!The three periods of consolidation have been outlined and $FCEL appears to be entering the fourth wave. Note the general upward trend of the first three. This one could be the one that leads to its massive breakout. This current period of consolidation could be the longest-lasting, requiring a tiny bit of patience, but due to that, it also could be the big boy that provides the LONG opp that was already discussed last week.
Happy Trading!
-BDR
$FCEL STILL a strong entry Point: Quiet Play of Week Though I entered FCEL Positions on Monday, I stayed quiet for a little bit about it. The consolidation led to the thought a BULL RUN was coming, and the past two-weeks really have been just that. The entire natural energy sector has had a great overall past month, rallying on days the S&P is down - and even on days the NASDAQ itself does. FCEL is a crazy corrective wave to chart the potential of, really, and it is not too late to enter - though a wait on a slight retest isn't a horrible consideration necessarily.
The 3.75-4.00 range should ultimately be realized pretty easily here (probably before the end of 4th Q if not even FAR SOONER)... but beyond that (in terms of a possible annual high as mentioned w/ other Natural energy pet $SPWR), it's tough to call the ultimate upside.
I probably should have called this when I entered @ 2.8 per share, but I wanted to wait a bit for some stronger confirmation. And well, it's not too late to enter, though this cat has been out of the bag all week if anyone's paid attention.
FCEL! Cup and Handle FCEL
Market: Stock
Assest: CBOE
Current Price: 3.04
Exchange: ETRADE
Signal Type: Long!
Pattern: Cup and Handle
Divergence: Bullish
My Entry Zone: 2.08 - 2.70
Take-Profit Target:
1) 3.46
2) 3.97
3) 4.41
4) 5.33
My Stop Target:
1) 1.43
Risk: Low
Reward: High
Please remember to DYOR and this is not financial or investment advice. It's my targets for the market at this moment. Please let me know what you think of my technical analysis and thank you.
