FCEL (FuelCell Energy Inc) has now hit & cleared the 1.96 target/resistance level & cleared it with an impulsive move today for 124% gain from the 0.96 entry back on May 30th. This opens the door for a continued rally up to the 2.28 & eventually the 2.76 level. FCEL is no longer an official although the previous update listed additional targets & add-on criteria to an unofficial trade. Previous & updated daily charts below:
FCEL (FuelCell Energy Inc) was a recent official long swing trade that hit the final (official) target a few weeks ago for a 38% gain. In that last update when the final official target was hit, it was stated that the charts still appeared constructive & that one could raise stops in lieu of booking profits. Today the stock has essentially hit the 1.50 resistance/target, now up 55% from the entry on May 30th, where the odds for a reaction are elevated. However, the charts remain constructive so an impulsive break above 1.50 is likely to be the catalyst for a [...]
FCEL (FuelCell Energy Inc) has hit T2, the second & final price target a 1.32, for a 37.5% gain. Consider booking partial or full profits and/or raising stops if holding out for additional gains as the charts on still appear constructive at this time. As this was the final target, FCEL will be reassigned from the Active Trades to the Completed Trades category. Updated 60-minute chart: FCEL 60-minute June27th
FCEL (FuelCell Energy Inc) has hit the first price target (1.15) for a gain of 19.8%. Consider booking partial or full profits and/or raising stops if targeting T2. While a reaction off that level is likely, I continue to favor a move up at least the 1.35 area & quite possibly much higher in the coming weeks/months. Previous & updated daily & 60-minute charts:
The following notes & charts are an update to the FCEL, FuelCell Energy Inc. trade setup & active swing trade, including a revision to the first price target.
FCEL (FuelCell Energy Inc) offers an objective long entry here around the 0.96 level & up to the 1.05 area for a swing trade to the 1.20 or 1.34 resistance level with price targets set 2 cents below each (T1=1.18 & T2=1.32). The suggested stop is any move below 0.90 & the suggested beta-adjustment is 0.2 (2/10th of a typical position size) or less. FCEL daily May 30th As a low-priced penny stock with a market cap of only $57.25M, FCEL should be considered an extremely aggressive/speculative trade. As such, one should pass if this type of very aggressive [...]
An overview of some of the recent individual stock & sector trade ideas, both long & short, shared on Right Side Of The Chart. For those wanting to skip ahead to a particular trade idea, the following stocks & ETFs are covered in this order: CARA, TEVA, USRM, CLVS, NVDA, LI.V, LIACF, PBYI, PTLA, TINY, FCEL, HIMX, SMH, XSD, SOXX, XLF, GLD & GDX.