Fading into FCEL bear flag.FuelCell Energy - 30d expiry - We look to Sell a break of 2.79 (stop at 3.01)
The primary trend remains bearish.
Price action is forming a bearish flag which has a bias to break to the downside.
A break of the recent low at 2.86 should result in a further move lower.
Our outlook is bearish.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be 2.24 and 2.14
Resistance: 3.25 / 3.40 / 3.80
Support: 3.00 / 2.77 / 2.50
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
FEY trade ideas
FCEL 7/11/2022FCEL
Running out of energy
FCEL Daily chart analysis.
This one has been in a downtrend for quite some time.
Price reached low of 3.00
Price bounced but ran into Resistance at 4.35 and the 50ema is also acting as Dynamic Resistance.
Price has currently pulled back to both the Resistance levels mentioned above. At the pullback, we have a Bearish price rejection at resistance.
The Stochastic is currently Overbought
Again, it doesn’t get old
Downtrend + Pullback to resistance + Overbought Stochastic = Short trade entry
Entering trade short
Entry: 4.03
Stoploss: 4.60(-14.14%)
Target: 3.00, +25.56%, 1.81 RR ratio
Selling FCEL 50% pullback.FuelCell Energy - Intraday - We look to Sell at 4.33 (stop at 4.61)
Price action continued to range between key support & resistance (3.15 - 4.40) and we expect this to continue.
Daily signals are bearish.
Preferred trade is to sell into rallies.
Levels close to the 50% pullback level of 4.34 found sellers.
4.39 has been pivotal.
Our profit targets will be 3.61 and 3.21
Resistance: 3.80 / 4.00 / 4.40
Support: 3.25 / 3.15 / 3.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
FCEL UpdateThe more revenue they make the more money they lose, lol. But the market has to squeeze the shorts, not to mention get the gap fill after crap earnings like it always does.
Pattern looks familiar, if it gaps up big Monday then I'm fading the gap on this garbage. Fuel cell is cool technology, but nobody has made any money off of it.
FCEL - Breakout of descending wedgeI like the look at FCEL here.
It appears to have broken out of a descending wedge, retested the wedge trendline and appears primed to pump. It's also sat nicely on top of the 100MA which should provide support.
For this reason, I'm long here with a tight stop at $3.90.
I have a crazy-high target of $49 based on the falling wedge breakout, but in reality would be looking to sell in stages on the way up.
FCEL? More like FBUY!FuelCell Energy
Short Term
We look to Buy at 4.29 (stop at 3.84)
Previous resistance at 4.40 now becomes support. A higher correction is expected. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Buying pressure dominated price action yesterday and we expect this to continue today.
Our profit targets will be 5.79 and 6.28
Resistance: 5.90 / 6.94 / 11.55
Support: 4.40 / 3.20 / 3.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Ascending triangle on dailyHey traders, Its been a rough bear market and I have finally got back in.
There was a huge $369 billion climate bill announcement last week, which gave the clean energy sector a boost. FCEL, PLUG and ICLN etf.
Jan 2023 has over 73000 calls, while there are 18000 puts in OI.
Happy trading!
Fuelling up for a bigger move? FuelCell Energy
Short Term
We look to Buy at 3.35 (stop at 3.04)
Previous support located at 3.35. A higher correction is expected. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Buying pressure dominated price action yesterday and we expect this to continue today.
Our profit targets will be 4.24 and 4.68
Resistance: 4.30 / 4.76 / 6.94
Support: 3.20 / 3.00 / 2.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
FCEL TRADING OPPORTUNITYUpward channel, Great place to get some strangles either call debit spreads with the same on the put side to lower risk but cap gains.
I except fcel to test the 200 ema around $5 whithin the coming weeks.
Options play is a strangle/straddle best used with debit spreads.
Price targets - $5+ and $3- if it breaks the $3 dollar mark we would most likely see $2. if it breaks above the 200 ema we might have a break out to take us above $6
FCEL 3/8/2022FCEL
Quite the ugly chart. Your typical “pump and dump” chart.
After moving side-ways for almost all of 2020, Price broke out Nov. ’20 and started its sharp uptrend pump
This pump took price from 3.50 and peaked at 29.40s in Feb. ‘21
Price then came crashing down to 11.54 where it found support.
Price went on to break down from this support and pulled back to it turning this previous support level into resistance. We also see a death cross during this period further signaling the bearish market
Price rejects this resistance level and was shot down to 6.00 where it found support and bounces back up. Price is now moving side-ways between 6.00-11.50
Price then fails to make higher high on the bounce. This leads to price breaking down from side-ways range it was in.
Price is now officially in downtrend.
Price has now pulled back in form of a bear flag to previous support level in 6.00 area and will look to turn it into resistance.
Price is currently at resistance level of bear flag, at previous support, and at 0.382 fib level. We are also in over-bought territory in stochastic. This is my que to enter trade
Entering trade short
Entry: 6.44
Stop Loss: 7.16
Target: 3.51 – +45%, 4.07 RR ratio
FuelCell to Break Lower? FuelCell Energy
Short Term - We look to Sell at 5.36 (stop at 5.86)
The primary trend remains bearish. A break of 5.50 is needed to confirm follow through negative momentum. Closed below the 50-day EMA. We look for losses to be extended today.
Our profit targets will be 3.69 and 3.12
Resistance: 7.00 / 8.00 / 11.50
Support: 5.50 / 3.50 / 2.50
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.