FCEL Long support vs resistance And we are back!
3hour support (in green) parallels the previous purple run from January to February
14-16 entry
27 target
0A60 trade ideas
Is FCEL a buy? March 19, 2021FCEL has had several days of bleeding that seems to have coincided with disappointing Q1 results and a fall on the Nasdaq and a brief rotation out of tech. On a positive note FCEL stopped its fall and is now trying to retrace to prior support at 14.93. The 14.52 price at 12:35 gives both bears and bulls an important psychological inflection point. Bears will want to push the stock back to 13.12. If FCEL either today (Friday) or Monday retraces the monthly resistance level of 14.93 then it will have no real resistance until 16.80 and 18.50. A long term play to that monthly level of 21.70 would be a great long target.
Not financial advice. For entertainment and educational purposes only.
Bearish on FCELI'm new to trading, so I've been reading a lot on Investopedia. I've also seen many bullish ideas on FCEL. But I'm just not seeing it. According to Investopedia, bearish flags tend to have even volume during the downtrend, and that's what I see here. Also, I see an increase in selling pressure in recent days, even when the price has gone up (not a good sign). I think that means this most recent increase is a bearish flag, not a trend reversal. If it was a trend reversal, wouldn't we see increased volume, too?
I think FCEL has MAYBE 2-3 days left of good days; then it's back down.
This is just my opinion and not trading advice.
FuelCell - inverse head and shoulder?FuelCell - inverse head and shoulder? if that pattern is be verified, would be great
Fuelcell Bullish, Bearish, or Boring?Well friends we've been wondering if Fuel Cell FCEL is net bullish or bearish over the last few weeks. Cases can be made for both positions. So it certainly isn't a boring stock!
Disappointing earnings caught investors by surprise and a nasty short term bear trend ensued after the recent bear run from FCEL's 2021 all time highs. First the good news. For long term investors buying long pretty much anytime after earnings were likely disappointed. It was good to see a close in the green today (March 17, 2021). Bears were making profit as FCEL started off two days in a row well below prior days close. So what does this mean? It means that the battle is on between bears and bulls was in their favor. it was definitely in the hands of the bears until Powell spoke but so was the entire market as it was predominantly waiting for direction. Tomorrows action particularly the first 30 minutes should give direction if a bullish 2nd wave has began or if this is a false break out and it returns to bearish direction.
FCEL definitely respected the monthly level and kept bouncing off of it. This rejection of definitively pushing below lower level of support shows a bullish direction and this recent bearish sentiment is merely an irrational sell off from Q4 earnings. This would likely also show that FCEL does not want in the near term to test again lower levels and instead wants to retest higher levels. After market and premarket action will be helpful in deciding if this is the case.
Bullish investors may want to note that it retraced in the last two hours of trading above yesterdays close in price action. Long term investors will want to see it not push below the downward monthly yellow level of 14.93 and to retest the upper levels . Short term possible profit targets could be the dull yellow daily resistance areas of 16.80 to 18.50 and the long term yellow levels of 21.70 to 29.79. Even if there is a short term bearish momentum, overall FCEL seems to be a long term bullish investment.
For entertainment and education purposes. Not invest advice.
FCEL Q1 2021 earnings resultsFuelcell Energy (FCEL) reported a 1st Quarter January 2021 loss of $0.06 per share on revenue of $14.9 million. The consensus estimate was a loss of $0.04 per share on revenue of $22.1 million. Revenue fell 8.5% compared to the same quarter a year ago. Fuelcell Energy Inc is an integrated fuel cell company. The Company designs, manufactures, sells, installs, operates and services ultra-clean, highly efficient stationary fuel cell power plants for distributed power generation. After it's earnings miss sell off, FCEL bounced off the red 377ema on the 4hr chart, quarterly view.
breakout = $21.09
R3 = $20.29
R2 = $19.42
R1 = $18.45
pivot = $17.57
S1 = $16.58
S2 = $15.81
S3 = $14.93
breakdown = $14.14
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
ADDED $FCEL Target 24.13 for 28.90% Or next add level at 13.31 $FCEL Target 24.13 for 28.90%
Or next add level at 13.31
FCEL dipped enough for me to add a little here at 16.06...
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.
Longterm short crossing below 50EMA with the poor earning report! make a clear bearish case for FCEL
FuelCell - FCEL - Still looking bullish?Fuel Cell - FCEL - Still looking bullish? Not financial advice
PROBABLE LONG ENTRY - FUELCELL ENERGY - FCEL - 30MNThank you for your likes and shares. I really appreciate!
_________________________________________________________
After a long run down the FCEL in short time frame is probably preparing to recover.
See the latest candlestick showing a very strong squeeze of sellers. This won't prevent the market to go down further. But, in probability, when this even occur with such a high volume, the market tends to go in the opposite direction afterward.
For long time investors, this could be a nice placement knowing how the sector energy want to improve and evolve by introducing slowly hydrogen to the current world. Specially with the increase of space projects interested in the "clean" hydrogen applications.
Long on $FCELFcel may rally again. Long Pt 30$+.
FCEL will try to go back to the old trendline.
I would love your opinions on this.
PS I am not a financial advisor.
Another bubble is about to burst in next week!FCEL is about to experience a huge down gap after its earnings next week. Almost no fundamental analysis supports a 5.6 Billion market cap for a company with a 17 million revenue/quarter. Forecast to become profitable in the next 3 years!
1- Almost 22000% gain in 20 months for a company without any significant change in revenue and EPS.
2-Similar price correlation with SFIX. SFIX experience a 28% down gap after earning calls. correlation study between these two shows a bigger bubble in FCEL.
I believe FCEL makes a perfect case for a huge down gap after earning cal. it is better to insure your stocks with put options
please read my analysis on November 19, 2020, for FCEL with the title of do you believe in HYPE? I put its target at 29.88 when it was just 5.36..! FCEL touched 29.44 on 10 Feb 2021, then experienced a drop to 11.07.
please be mindful of the risk involved in options trading if you want to buy puts!
Moshkelgosha
Fuel CellLooking for price to hit the 20's by next week. Price is currently testing resistance and should consolidate upwards.
What do you think?
Like, Follow, Agree, Disagree!
FCEL LONG Bullish3/10/21 in a new regression channel. looking for it to retest the .786 fib that it rejected previously on 3/2/21 still bullish as this should move back up with Biden energy catalyst.
$FCEL Target 24.47 for 28.38% $FCEL Target 24.47 for 28.38%
Or next add at 13.65
I am not your financial advisor. 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.
GL
FCEL- Watch for BreakoutFCEL shares found support recently, completing the descending breakout wedge they were forming. Watch for a breakout in the next week or two. Stop loss at $12. You may want to wait until after earnings, but this is a really good potential breakout play regardless. Like and follow for more ideas like this :) Good Luck!
