1FEY2 trade ideas
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
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!
FCEL: A new Key Point that we all must be aware of!Hello traders and investors! Let’s talk about FCEL again! It has been a while since my last analysis about it, so, let’s see how it behaved since then. The link to my last analysis is at the end of this analysis, as usual.
I wrote my first analysis about FCEL when it dropped about 20%, after some news about a public offering, and some people were extremely concerned about it, but since I’m a Price Action trader, and the only thing that interests me is a good Risk/Reward ratio , I thought it was a good idea to invest at FCEL, regardless of how pessimist the sentiment was.
The stock went up from $ 7 to the $ 30, and now, it is at $ 13 again. The thing is, it did a Head and Shoulders chart pattern in the daily chart, but it already hit its target, which is this black line at $ 10.98.
The black line is the most important Key Point to keep in mind in the short/mid-term , and it must not lose it, as it could engage in a real bear trend and seek for lower levels, maybe the $ 6 again.
Let’s see the weekly chart for more clues:
See how crucial is the area where FCEL is right now? It is sitting above the black line, which worked as support and resistance in the past, and it is above the 21 ema, which is another support level in the weekly chart.
If FCEL is about to react, it’ll be soon, but as long as we don’t have any good signs around, I’m not entirely convinced that it’ll keep pushing up. What we need is a good pattern, and an increase in the volume to resume the bull trend . In my view the moment to buy FCEL has passed, and now it is time to manage positions, and watch the key points mentioned. But we might see something interesting around.
Let’s monitor FCEL closely from now on, as it is in a decisive moment! And if you liked this analysis, remember to follow me to keep updated, and please, support this idea with your like!
Thank you very much!
FuelCell FCEL - I know you telling me - Stop Playing not FCELFuelCell FCEL - I know you telling me - Stop Playing not FCEL - YES FCEL - we are entering the Fib Buy zone. We need to what if it can give us a good reversal pattern or candlestick. The 15 minute chart Moving Averages are still bearish (servicing as moving trend lines) but could reverse soon? It would be nice to buy at $10 and ride to $15ish for a 50% play. Then, see if price breaks the MA to continue to $30ish for a 200% play. Or the play could be to wait until price breaks $15ish to enter for the potential 100% play to $30. Otherwise, if price goes below $10, the reversal gains will be exponential? Patience is key. Not Financial Advice.