FCEL - Could it be a multibagger?FCEL was on a long term downtrend before hitting bottom in May 2019. It began to form a base for the next 1.5 yrs before propelling out of this base @ 4.00 on high volume and more than doubled in just 2 weeks.
It may appear expensive after having moved 150% in just 2 weeks. However the bigger picture is still looking like an early bull yet. I have to caution though that been a penny stock, it can be extremely volatile for a while (20% wild swing is plausible), hence trade/accumulate with with caution!
Lots of resistences on the way up too, hence could take a while to cross these hurdles.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
