time for an entry long Price action has found support in the low 6s, as certain sectors have had stupendous gains this equity has yet to gain any traction. price has been met with buyers stepping in around the current price action. I believe we are due for a reversal to the upside, and as many energy and oil stocks have come out of play some undervalued equities such as this one deserves to be bought and held for longer.
FF trade ideas
Future Fuel is a green energy play with a super cheap valuationAs many you may have noticed or profited like I have on green energy play may it be solar companies or plays like Plug, Gevo, Fuel Cell, and Blink Charging. There are pure momentum and technical plays. However, if you look at those companies fundamentals, one begins to scratch your head and wonder if they have gone too far too fast.
So, another way to play this sector is to buy Future Fuel. Not only does it have the momentum of the green sector but the fundamentals are super cheap. The Peg ratio is under one at .68 and a P/E ratio of 7. It is only a 700 million market cap and already very profitable. So, just imagine under a green future and green presidency like we have with Biden. Plus, the rise of other green plays like Fuel Cell or Gevo that have limited revenues are going parabolic. Just wonder what the possibility is for his company now people have started to pile on. I feel a 30 dollar share price is just around the corner and much more. Even then, it still would be cheap. So, buy hand over fist. If you beg to differ then please take a look at the fundamentals, the website, and the chart. I bet you will 100% change your mind and become super bullish
Future Fuel $FF long consolidation pattern Could Pay off heftily$FF has been consolidating and sideways trading for around four months. This is a very long period without a significant break-up, or down.
The thought, of course, is that this will shift Parabolically UP when the move happens. 70 percent confidence in that... if it craps the bed - this was never advice, just another trader's IDEA. We're looking for a push up to 16-18 per share, which should be a fairly long LONG, but it could happen fast as we all know. There is no deep analytics here: Just a chart that has a lot of bullish signs in an industry sector that has done very well in the last few months.
As always do your own research, etc etc...
Good luck too. As if luck matters.
BDR
FurtureFuel Corp - How To Break Down A Daily ChartPlease refer to chart. Elliot waves, fib retracements, ABC correction waves, Buy (Support) & Sell (Resistance) areas and price range (A) and future (C) price range, of course (B) is correction wave which is going on right now. Keep charts simple and let charts tell you what they are doing now & future. Enjoy
Also, find out on any stocks you have or options, when next scheduled earnings is suppose to happen & if you can do options on them too.
#FF #short #stockFF has formed a three peaks formation. Each peak is below the prior peak. This stock has an interesting aspect about it. It has formation mirrors repeated in both the weekly and monthly. It is always fun when you can find repeating patterns across the time frames.
Indicators are down in the daily and weekly. Monthly is neutral. This is a decent short.