FEY trade ideas
FCEL reported better than expected earnings$FCEL was a great day trade after in announced better than expected earnings. We engaged this name around 6,50 for a nice gain so far. Next big resistance around $8
midterm +11,000% the best energy stock (LOOK AT ENERGY STOCKS)FuelCell Energy, Inc. is an American fuel cell power company. It designs, manufactures, operates and services Direct Fuel Cell power plants that run on natural gas and biogas.
energy stocks are gearing up for a big move
Bullish Breakout? The descending wedge appears to be leading to a break to the upside for this stock that has been beat down over the last few months. The 9 is soon to cross the 20 on the daily candle chart if price action continues. Or this could be a fake out and dump to the downside ha. Thoughts? Coming into earnings this might be an unnecessarily risky play or a play of genius. PLUG - the sympathy stock just recieved and upgrade from analysts to PT$34 - will it follow if PLUG trends back up?
FCEL Pt 6In part 5 I noted how I thought it was suspicious how retail heavy stocks were all suddenly trending up but to drive that point home look at FCEL, SOFI, NNDM, IDEX 15m time mark and you'll see a upward trend begin after august 20 (last Friday). Super Sus imo.
On to the matters at hand, as found in an article from investor place, "High valuations and a relative lack of catalyst have been the main culprits," in why they suspect FCEL hasn't been getting the attention it needs.
The main reason this is a long play is because the global economy is shifting to renewable energy vehicles one, and many investors (myself included) hopes to see this return to the pre Feb 8th highs of $28 give or take.
Two key catalysts the article covered
-upcoming infrastructure bill (Oct. 1st)
-China move into the hydrogen space
Personally, for the time being there is only one true catalyst and that is the infrastructure bill. Granted China as powerful as they claim to be has been on bs all year from the bitcoin crashing to the dictator like control of wealth hindering the likes of BABA and NIO. So, imo if China enters the space soon, yes it may push investors more into established American based stocks but too unpredictable for my liking.
Concerning TA
both the 1h and 15m times look sketch we've broke the suspicious bull trend line discussed above and are fighting to regain directional strength. as the days get closer to October 1st we may see a buy the news sell of anticipating a spike after the bill passing (Hopefully).
TITLE TO ARTICLE: Fuel Cell Stocks: Why BLDP, PLUG, FCEL Stocks Are Getting Green Today
If this helps you let me know, I'll add Fundamentals to my TA.
Descending Wedge IdeaGoing back to May 2021 - a descending wedge has almost completed and this will be a decision point for the stock. This could break down trend and push back to volume profiles between 10 and 12 or push to previous trading lows of a year ago. I am bullish on this stock, however, with a lot riding on the green position of the current US Administration, if the infrastructure bill comes under scrutiny this could be an uphill fight for FCEL. Nevertheless, I am bullish on this stock and the future looks bright in the short term even if it slides down into earning in early September.
FCEL Follow up pt5I'd like to start with my opinion first, I'm a bit suspicious of the sudden price surge across the board. Granted Monday and Tuesday are usually bull days; however, to go from a 3% to 5% drop from the strongest of tickers too green with little to no positive catalyst is odd.
Update;
The gap noted in previous charts has filled, but as I type this (12:30est) we've dropped below the price SMA.
One factor working with us is that we do have directional strength back on our side. WITH A BARCODE PATTERN
both statements apply for the 15 minute time period.
for the long run (1h and Day time frames) directional strength is a long way to go, price strength is attainable but we constantly cross both sides.
I'm aware of the FEDS talking toward the end of the week so this could either go from good to scary or the opposite so I'd wait.
FCEL pt4First the factors against us
-Weak price strength based on 9 day SMA
-WEAK price direction based on 180 day SMA
-DOWNward tend line
So other than another shaky day in the overall market I think FCEL is consolidating to fill an old gap between 6.15 and 5.80. The lowest we've seen in the today (8/16/21) @ 5.94 then regaining some strength and holding support at 6.08.
in all consider if the ads are in you favor before jumping in even though up side is massive how long are you willing to hold... Best
Fuelcell Energy Analysis 17.08.2021Hello Traders, here is a full analysis for this asset. The entry will be taken only, if all rules of your trading plan are satisfied.
Therefore I suggest you keep this pair on your watchlist and see if all of your rules are satisfied.
Leave your thoughts in the comment section, I will reply to every single one of them.
P.S. Tell me which asset you want me to break down next and I will cover it in my next analysis
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FCEL 8/10 Update$FuelCell Energy a gap was made this morning so its in the stage of filling while constantly testing resistance. Alrhough the infrastructure bill hasnt factored in yet, not a lot of money is going to clean energy projects but the bump should do us well. I’m neutral but a heavy bag holder.
Starting a position in $FCEL, potential 50%+ gainGap at 11.06 (Highlighted)
Volume: 39.678M
Avg. 10-Day Volume: 14.391M
With the recent short interest, I would not be surprised if this stock fills/surpasses the 11.06 gap
Potential 50% gain
$FCEL Target 17.99 for 52.20% $FCEL Target 17.99 for 52.20%
Or next add at 5.88 (5 Day low)
If this breaks above and holds above that second trendline it'll say LET'S GO!!!
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
FCEL 8/9Disclaimer this may be wrong and I'm still learning like the rest; however, I've been holding since January and watched it go from 14 to 28 then all the way down to 6. So, to prevent bias in this information this is all a TA analysis thus each bar line above the current price represents old supports aka new resistance levels. Granted there will be some taking profit from swings so at the EOD we should sit at closer supports.
FCEL - In Over Sold ZoneLooks like it can stay at this level or little down, but chances of going up soon, keep eyes on it.
FCEL starts new cycleFuelCell Energy starts new cycle of run in this year.
Now we can see how investors accumulate positions that causes 1st wave like pattern.
Weekly MA200 on the ideal position to start soon.
The low carbon feature will be there soon.
Enter zone $7.5-9.34
First targets $95-119
Time horizont 2022-2023
FCEL BounceFCEL has fallen into a support zone at the 6.5 level. Looking to play the bounce of the support zone back up towards the 13 ema. It was already beaten down a bit and is a sympathy play off TSLA, which TSLA is looking like it is poised for upsdie.
$FCEL HTF ACB Long #1 Main Watch
$FCEL HTF ACB Long (Swing)
Monthly - Decel
Weekly - Support/50 ema
Daily - Inverse H&S Pattern/MACD Divergence/Support/Descending Triangle Pattern
RR - 7.5
Additionally on Watch:
Main - $MJ
Secondary - $WEED
Secondary - $BIDU
Secondary - $NERD
Secondary - $POTX
$FCEL HTF ACB Long #1 Main Watch
$FCEL HTF ACB Long (Swing)
Monthly - Decel
Weekly - Support/Double Bottom/50 ema
Daily - Inverse H&S Pattern/MACD Divergence/Support
RR - 7.5 (targeting the monthly 50 ema)
Execution - Live on 15 min 50 ema break with vol
Additionally on Watch:
Main - $ZOM
Secondary - $MJ
Secondary - $ICLN
Secondary - $TLRY
Secondary - $CNRG
