FuelCell Energy, Inc.Updated FCEL Update
The problem with micro cap stocks is that a pump on news doesn't last very long. FCEL dropped out of a pennant reversal, looks like it's going to fill that news gap.
I wouldn't buy until MFI goes oversold on the daily, probably headed below $ 2 again within the next 2 weeks. I said a few weeks ago that this wouldn't make it above $ 3 resistance, it only made it to $ 2.5. Old support is new resistance, will have a hard time breaking that again.
I wouldn't buy until MFI goes oversold on the daily, probably headed below $ 2 again within the next 2 weeks. I said a few weeks ago that this wouldn't make it above $ 3 resistance, it only made it to $ 2.5. Old support is new resistance, will have a hard time breaking that again.
Note
Any pop on news fads fast, I don't recommend buying this stock unless it falls below $2, then hold long term hoping for the next pop. It eventually will.Note
Well, there's your $2, I should've shorted it this week, lol
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.