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	Comments on: FCEL Bullish Falling Wedge Breakout	</title>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/fcel-bullish-falling-wedge-breakout/#comment-3194</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Wed, 15 Feb 2017 16:39:41 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=174648#comment-3194</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/fcel-bullish-falling-wedge-breakout/#comment-3192&quot;&gt;GetItRiight&lt;/a&gt;.

I do see what appears to be a potential bull flag continuation pattern on FCEL right now but it shows best on the 60 or 30-minute time frame. The stock has also pulled back to the former first target/key support level of 1.60 today which has (so far) contained the recent pullback. Until/unless 1.60 is taken out with conviction, I view this pullback to support as healthy price action since it has been on low-volume (so far) and the stock was quite over-bought on the short-term time frames.
From here, I&#039;d like to see FCEL hold 1.60 &amp; begin to move higher soon, ideally on an increase in volume &amp; then go on to take out the recent &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.&#039;&gt;reaction&lt;/abbr&gt; high of 1.80.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/fcel-bullish-falling-wedge-breakout/#comment-3192">GetItRiight</a>.</p>
<p>I do see what appears to be a potential bull flag continuation pattern on FCEL right now but it shows best on the 60 or 30-minute time frame. The stock has also pulled back to the former first target/key support level of 1.60 today which has (so far) contained the recent pullback. Until/unless 1.60 is taken out with conviction, I view this pullback to support as healthy price action since it has been on low-volume (so far) and the stock was quite over-bought on the short-term time frames.<br />
From here, I&#8217;d like to see FCEL hold 1.60 &#038; begin to move higher soon, ideally on an increase in volume &#038; then go on to take out the recent <abbr class='c2c-text-hover' title='1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.'>reaction</abbr> high of 1.80.</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/fcel-bullish-falling-wedge-breakout/#comment-3193</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Wed, 15 Feb 2017 16:34:58 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=174648#comment-3193</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/fcel-bullish-falling-wedge-breakout/#comment-3191&quot;&gt;GetItRiight&lt;/a&gt;.

Yes, I do see that positive divergence on the weekly MACD as well as the RSI. Just keep in mind that as a low-priced stock that has fallen from a high of 56.88 in 2014 to nearly 1.00, there are obviously are (or were?) some fundamental issues with the company so the risk of a total or near-total loss, should FCEL ultimately go on to file for bankruptcy protection as quite a few stocks that fall down to &amp; below the $1.00 level do, is certainly a possibility. As such, stops are a must as they should be with any trade.
With that being said, should the charts continue to firm up, I could see the possibility of FCEL moving up to the 4.00-4.80 level in the coming months to years so there is certainly a lot of upside potential along with the downside potential. As always, risk &amp; return go hand in hand. Best of luck on the trade.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/fcel-bullish-falling-wedge-breakout/#comment-3191">GetItRiight</a>.</p>
<p>Yes, I do see that positive divergence on the weekly MACD as well as the RSI. Just keep in mind that as a low-priced stock that has fallen from a high of 56.88 in 2014 to nearly 1.00, there are obviously are (or were?) some fundamental issues with the company so the risk of a total or near-total loss, should FCEL ultimately go on to file for bankruptcy protection as quite a few stocks that fall down to &#038; below the $1.00 level do, is certainly a possibility. As such, stops are a must as they should be with any trade.<br />
With that being said, should the charts continue to firm up, I could see the possibility of FCEL moving up to the 4.00-4.80 level in the coming months to years so there is certainly a lot of upside potential along with the downside potential. As always, risk &#038; return go hand in hand. Best of luck on the trade.</p>
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		<title>
		By: GetItRiight		</title>
		<link>https://rightsideofthechart.com/fcel-bullish-falling-wedge-breakout/#comment-3192</link>

		<dc:creator><![CDATA[GetItRiight]]></dc:creator>
		<pubDate>Wed, 15 Feb 2017 16:05:39 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=174648#comment-3192</guid>

					<description><![CDATA[&lt;a href=&#039;http://rightsideofthechart.com/members/rsotc/&#039;&gt;@rsotc&lt;/a&gt; Randy, further to my question above, can we consider FCEL developing a bullish pennant on the daily?]]></description>
			<content:encoded><![CDATA[<p><a href='http://rightsideofthechart.com/members/rsotc/'>@rsotc</a> Randy, further to my question above, can we consider FCEL developing a bullish pennant on the daily?</p>
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		<title>
		By: GetItRiight		</title>
		<link>https://rightsideofthechart.com/fcel-bullish-falling-wedge-breakout/#comment-3191</link>

		<dc:creator><![CDATA[GetItRiight]]></dc:creator>
		<pubDate>Tue, 14 Feb 2017 21:32:26 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=174648#comment-3191</guid>

					<description><![CDATA[Randy, do you notice bullish divergence on the weekly MACD? If that&#039;s the case, this should be a longer term hold for me. I only have 500 shares but these low priced stocks are the only ones left to give me hope for technical analysis working out.]]></description>
			<content:encoded><![CDATA[<p>Randy, do you notice bullish divergence on the weekly MACD? If that&#8217;s the case, this should be a longer term hold for me. I only have 500 shares but these low priced stocks are the only ones left to give me hope for technical analysis working out.</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/fcel-bullish-falling-wedge-breakout/#comment-3183</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Mon, 13 Feb 2017 13:45:52 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=174648#comment-3183</guid>

					<description><![CDATA[FCEL trading at 1.55 in pre-market which is the next resistance level on the 30-minute chart in this comment thread. Typically low-priced, low-volume stocks like this don&#039;t trade in the pre-market session. One to watch today for potential follow through to Friday&#039;s breakout, ideally on continued volume expansion.]]></description>
			<content:encoded><![CDATA[<p>FCEL trading at 1.55 in pre-market which is the next resistance level on the 30-minute chart in this comment thread. Typically low-priced, low-volume stocks like this don&#8217;t trade in the pre-market session. One to watch today for potential follow through to Friday&#8217;s breakout, ideally on continued volume expansion.</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/fcel-bullish-falling-wedge-breakout/#comment-3182</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Fri, 10 Feb 2017 20:11:37 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=174648#comment-3182</guid>

					<description><![CDATA[This 30-minute chart shows all the &#039;micro&#039; resistance levels on FCEL in light gray, any of all of which are likely to produce a &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.&#039;&gt;reaction&lt;/abbr&gt;, whereas the bright white lines (shown with the price levels to the right) are the more significant resistance levels which can serve as potential price targets. A break above each R level opens the door to a move to the next level above.

&lt;!-- copy and paste. Modify height and width if desired. --&gt; &lt;a href=&quot;https://content.screencast.com/users/RightSideOfTheChart/folders/Default/media/39cfdc03-70ae-41ab-ab8e-11fb0aa5f1f6/FCEL%2030-minute%20Feb%2010th.png&quot; rel=&quot;nofollow&quot;&gt;&lt;img class=&quot;embeddedObject&quot; src=&quot;https://content.screencast.com/users/RightSideOfTheChart/folders/Default/media/39cfdc03-70ae-41ab-ab8e-11fb0aa5f1f6/FCEL%2030-minute%20Feb%2010th.png&quot; width=&quot;850&quot; height=&quot;614&quot; border=&quot;0&quot; /&gt;&lt;/a&gt;]]></description>
			<content:encoded><![CDATA[<p>This 30-minute chart shows all the &#8216;micro&#8217; resistance levels on FCEL in light gray, any of all of which are likely to produce a <abbr class='c2c-text-hover' title='1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.'>reaction</abbr>, whereas the bright white lines (shown with the price levels to the right) are the more significant resistance levels which can serve as potential price targets. A break above each R level opens the door to a move to the next level above.</p>
<p><!-- copy and paste. Modify height and width if desired. --> <a href="https://content.screencast.com/users/RightSideOfTheChart/folders/Default/media/39cfdc03-70ae-41ab-ab8e-11fb0aa5f1f6/FCEL%2030-minute%20Feb%2010th.png" rel="nofollow"><img class="embeddedObject" src="https://content.screencast.com/users/RightSideOfTheChart/folders/Default/media/39cfdc03-70ae-41ab-ab8e-11fb0aa5f1f6/FCEL%2030-minute%20Feb%2010th.png" width="850" height="614" border="0" /></a></p>
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		<title>
		By: Drummonddrive		</title>
		<link>https://rightsideofthechart.com/fcel-bullish-falling-wedge-breakout/#comment-3181</link>

		<dc:creator><![CDATA[Drummonddrive]]></dc:creator>
		<pubDate>Fri, 10 Feb 2017 20:00:04 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=174648#comment-3181</guid>

					<description><![CDATA[Woohoo. Here it goes]]></description>
			<content:encoded><![CDATA[<p>Woohoo. Here it goes</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/fcel-bullish-falling-wedge-breakout/#comment-3179</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Fri, 10 Feb 2017 19:53:50 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=174648#comment-3179</guid>

					<description><![CDATA[Volume looks good on the FCEL breakout so far which helps to validate it &amp; decrease the chances of the breakout failing. At this time, my preferred swing target is that 1.84 resistance level although I might hold out for the 2.20 resistance level (with sell limit orders set slightly below either or both levels, if FCEL gets there &amp; I decide to book partial or full profits. Should the FCEL &amp; the related stocks gain some traction, a move up to that 2.78 resistance level is quite possible as well.]]></description>
			<content:encoded><![CDATA[<p>Volume looks good on the FCEL breakout so far which helps to validate it &#038; decrease the chances of the breakout failing. At this time, my preferred swing target is that 1.84 resistance level although I might hold out for the 2.20 resistance level (with sell limit orders set slightly below either or both levels, if FCEL gets there &#038; I decide to book partial or full profits. Should the FCEL &#038; the related stocks gain some traction, a move up to that 2.78 resistance level is quite possible as well.</p>
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