FCEL full detailed video analysisi use a mess of elliot wave and fibonacci retracements and extensions to build a possible road map on this asset. i am bullish short term but we do have some waiting to do until this reaches our buy zones so just be patient and set those alerts because this one show some signs of the potential for 400 percent profitability but with great reward there comes some risk as well. we can only use sound technical analysis and indicators along with a good laddering strategy to protect ourselves from unnecessary risk.
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1FEY2 trade ideas
FCEL major breakout before earnings; could hit ~$5?After tapping against resistance four times, today we have a clear breakout above the $2.85 level. PLUG has been plugging along as well so there seems to be renewed energy (pun intended) propelling these names higher. Looks like 4.5-5.0 could be trouble. Speculative trade.
Breakout here seems to be textbook ascending triangle pattern, which also projects to this 4.5-5.0 level.
FUELCELL ENERGY ($FCEL) 🔋 | Will Fuelcell Bulls Give em' Hell?⛽📱Fuelcell energy expectations going into earnings tomorrow are poor to mixed. However, green energy stocks have been performing rather well recently, and there is a solid chance FCEL will continue to benefit from that sector-wide momentum.
While we aren't ready to open a long position on this one ourselves, we will take a look at some potential levels of interest to watch depending on the market's reaction to earnings tomorrow. This outlook will be geared toward the bulls, because of the general strength in FCEL and the Green Energy sector.
Support.
The S1 bullish orderblock could act as support if the overall market stays bullish and earnings are good but FCEL pulls back for any reason. The S2 S/R flip is another logical level to look for support, perhaps if the market/sector pulls back with more intensity or there is an earnings upset. The S3 orderblock and S/R cluster is the last hope for bullish momentum, as it offers the chance for a higher low in the uptrend. S4 and S5 meanwhile should act as support if the uptrend is lost. Here S4 is of particular note as it is acted as a major price pivot point previously.
Resistance.
The R1 bearish orderblock represents the current price pivot point. Breaking this level is the bull's first order of business. The next level of interest is the R2 bearish S/R flip. If R1 is broken, R2 becomes the logical target.
Summary.
There are lots of important support levels for the bulls, and many chances to hold the uptrend. It is logical assuming the market and sector keep moving that even a fair earnings report will be enough to keep FCEL moving up. We don't have a clear long setup here, but these are the levels to watch.
Resources: www.earningswhispers.com + www.h2-view.com
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4th wave correctionI see a 4th wave correction that has been complete, I believe we are at the start of wave 5. Also a inverted cup and handle was formed. I use the the box method, the overall impulse is transferred to the handle resistance. Also fib is used in the inside of the cup, it matches up with the box method. Good luck everyone