Stock update$FCEL #FCEL Haven't looked at this one in a while until I was just asked about it.
I like the falling wedge monthly setup. Continues to have higher lows over the last 3 years.
FCELB trade ideas
FCEL - Breakout of descending wedgeI like the look at FCEL here.
It appears to have broken out of a descending wedge, retested the wedge trendline and appears primed to pump. It's also sat nicely on top of the 100MA which should provide support.
For this reason, I'm long here with a tight stop at $3.90.
I have a crazy-high target of $49 based on the falling wedge breakout, but in reality would be looking to sell in stages on the way up.
FCEL? More like FBUY!FuelCell Energy
Short Term
We look to Buy at 4.29 (stop at 3.84)
Previous resistance at 4.40 now becomes support. A higher correction is expected. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Buying pressure dominated price action yesterday and we expect this to continue today.
Our profit targets will be 5.79 and 6.28
Resistance: 5.90 / 6.94 / 11.55
Support: 4.40 / 3.20 / 3.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Ascending triangle on dailyHey traders, Its been a rough bear market and I have finally got back in.
There was a huge $369 billion climate bill announcement last week, which gave the clean energy sector a boost. FCEL, PLUG and ICLN etf.
Jan 2023 has over 73000 calls, while there are 18000 puts in OI.
Happy trading!
Greta says moon biden admin will take fcel to the next level, elon will need batteries when he gets to mars theyll surely use fuelcell energy, fell is the future, PT 150
FCELLONG-TERM: Holding inflection zone, falling wedge , hidden bullish divergence . (not financial advice)
Fuelling up for a bigger move? FuelCell Energy
Short Term
We look to Buy at 3.35 (stop at 3.04)
Previous support located at 3.35. A higher correction is expected. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Buying pressure dominated price action yesterday and we expect this to continue today.
Our profit targets will be 4.24 and 4.68
Resistance: 4.30 / 4.76 / 6.94
Support: 3.20 / 3.00 / 2.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
FCEL UpdateThis is what I was saying earlier this morning, finally had the time to plot it.
Pennant forming and it's on a downtrend. Manchin killed the green bill, so no reason to pump alt energy companies
FCEL Short term playLooks to me like FCEL is setting up for a H&S pattern.
Doing a small long play here, target is $4. Funny that I'm long on a garbage stock
FCEL TRADING OPPORTUNITYUpward channel, Great place to get some strangles either call debit spreads with the same on the put side to lower risk but cap gains.
I except fcel to test the 200 ema around $5 whithin the coming weeks.
Options play is a strangle/straddle best used with debit spreads.
Price targets - $5+ and $3- if it breaks the $3 dollar mark we would most likely see $2. if it breaks above the 200 ema we might have a break out to take us above $6
loving this setup 📊in this bearish downtrend channel but there's still some upside potential.
We could see a rally to 5.67-8.16 resistance zones before the next pullback. and if trend resistance breaks its game over for shorts.
FCEL UpdateChart pattern was completely wrong, but in the end I was right about it heading to $3, lol. If only I saw the post Fed tank coming....
BLDP is now at $6, that has further to go. They've never made any money at all.
FUELCELL ENERGY at major trend reversalStock seems to form a frustrating bottoming pattern over recent weeks/months. If so, we could see a target at around 60$ when it comes to CUP&HANDLE pattern.
FCEL 3/8/2022FCEL
Quite the ugly chart. Your typical “pump and dump” chart.
After moving side-ways for almost all of 2020, Price broke out Nov. ’20 and started its sharp uptrend pump
This pump took price from 3.50 and peaked at 29.40s in Feb. ‘21
Price then came crashing down to 11.54 where it found support.
Price went on to break down from this support and pulled back to it turning this previous support level into resistance. We also see a death cross during this period further signaling the bearish market
Price rejects this resistance level and was shot down to 6.00 where it found support and bounces back up. Price is now moving side-ways between 6.00-11.50
Price then fails to make higher high on the bounce. This leads to price breaking down from side-ways range it was in.
Price is now officially in downtrend.
Price has now pulled back in form of a bear flag to previous support level in 6.00 area and will look to turn it into resistance.
Price is currently at resistance level of bear flag, at previous support, and at 0.382 fib level. We are also in over-bought territory in stochastic. This is my que to enter trade
Entering trade short
Entry: 6.44
Stop Loss: 7.16
Target: 3.51 – +45%, 4.07 RR ratio
FuelCell to Break Lower? FuelCell Energy
Short Term - We look to Sell at 5.36 (stop at 5.86)
The primary trend remains bearish. A break of 5.50 is needed to confirm follow through negative momentum. Closed below the 50-day EMA. We look for losses to be extended today.
Our profit targets will be 3.69 and 3.12
Resistance: 7.00 / 8.00 / 11.50
Support: 5.50 / 3.50 / 2.50
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
FCEL - Looking like a push to $8.50-$9 is comingTechnical Indicators + Oil Trends = FCEL Push to $8+?
FCEL Bull Flag BreakoutFCEL broke out of its bull flag pattern after forming an inverse head and shoulder pattern
I took a Long position at 6.18
Stop loss will be placed below the previous pivot low
FCEL 1/5/2022After a downtrend, price entered a distribution phase. Price broke down from support and pulled back in form of a bear flag. The bear flag has now also been broken.
There is also a Death cross indicating bear market conditions.
Entry: Pullback to 50ema or bottom of bear flag.
Stoploss: 6.05
Target: 3.25
FCEL UpdateOverlay of previous drop from $10, compensated for higher book value from cash gained by dilution while accounting for the increase in shares.
They really should've diluted their stock even more, lol. Much like AMC, the stupid runup allowed the company to stay in business for a little longer. So not everything about the bubble was bad.
Here's a decent write up, I have no position in this any more.
seekingalpha.com
FCEL UpdateForgot about earnings, lol. I told you guys a while back that this crap is headed back to $2... if not lower.
They've never made any money, they just dilute the stock to stay in business.
FCEL: FuelCell Energy Inc, Shrot1- CCI 20 is below 0. (Bearish )
2- Beak down the resistance. ( little bearish )
3- The red line is below the White line of “ACL” (self-made indicator) .( super Bearish ) (ADL indicator)
4- "Multi analyzer" (self-made indicator) is downtrend and is -4 right now. ( bearish )
5- Close is below the red and white line ( Bearish )
6- Mid-term channel (LR of 9months) is ascending (Bearish )
7- Long-term trend is sideway (sideway )
8- In bottom half of Mid-term channel ( bearish )
9- around middle of channel ( little bearish )
Overly , Bears are stronger
Buying is not suggested right now, 2$ may be a fair price! We should talk about it later.
Buying is also suggested after breaking the resistance around 5.95$
Short
SL: 5.8
TP1 : 2
TP2: depend on the setup (I will clarify later)
Beyond the technical: (do your analysis, I’m not educated in the case of fundamental analysis academically)
Fair Price to Intrinsic Value: 3.05
To summarize my fundamental opinion on this stock:
So bad ( a Super bearish)
In case of good stocks I prefer to be an investor not a trader, but trading with lower Trading with smaller amounts can increase the overall profitability without any unreasonable risk.
FCEL - levels to watch 1/10/22$FCEL
Support 4.98
Resistance 5.92
Consider Calls above 6
Consider puts below 4.83
>50k prem, OTM only, <30 DTE = slightly bearish overall - no recent large whale purchases to indicate direction to me(yet)
