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FCEL Trade Update, First Price Target Revised

Upon further review of the charts, I am revising the price targets on the FCEL (FuelCell Energy Inc) Active Long Swing trade as follows: T1 will be lowered from 1.18 to 1.15 & T2 will remain at 1.32 with the possibility of additional targets to be added, depending on how the charts develop going forward.

As highlighted in the trading room yesterday (first 2-minute period chart below), FCEL was pushing against the key 1.00 level on numerous occasions in recent sessions & finally managed to breakout (and backtest it) late yesterday. So far today the stock is moving impulsively higher on increased volume, which is exactly what you want to see following a breakout.

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2017-06-02T11:09:16+00:00 Jun 2, 2017 11:09am|Categories: Completed Trades - Long|Tags: |Comments Off on FCEL Trade Update, First Price Target Revised