FCEL trade ideas
$FCEL (Daily Chart)$FCEL looks bullish as it is in a descending triangle/wedge pttn. & could b/o of the pttn. to higher levels.....needs to break 2.60 level w/ volume to confirm a possible reversal w/ tgt.#1=2.80 and tgt.#2=3.00
Price/TTM Revenue MultipleI find FCEL to be reasonably priced in the 1.3-1.35 P/R range. Not worried about negative earnings right now as long as revenue stream can continue to grow.
Breaking long downtrendline.This could be nice % mover this weekLooking for breakout this week. No down trendline resistance. Like for continuation play this week. to 1.35, 1.40, 1.50, 1.63 targets. Nice strong volume Friday. Stochs and MACD turning up strong.
No selling pressureSelling pressure has decreased substantially. Floating shares have been absorbed it seems.
