FCEL "4th" consolidation wave drives to Trough of 3rd: BEARISH!
Diupdate
Fuel Cell has crashed harder than expected and there are a lot of bearish indications on this play now. The average cost is blown (2.79) and now it is pushing towards a trough near 2.4/share. It's tough to guess if this bottom goes even further. Caution is advised; this is never true advice -- but I will NOT be doubling down on FCEL. The hope is to eventually re-realize something closer to average cost before divesting to another position. Perhaps others may not. But that is why I always close, May the odds be forever in your favor.
Overall, this isn't a miss yet - but it's looking far more bearish with further data than we had at the last time of FCEL updates. We'll chime in more when more data makes itself available. Counsel is mostly undecided here :)
Happy trading!
Overall, this isn't a miss yet - but it's looking far more bearish with further data than we had at the last time of FCEL updates. We'll chime in more when more data makes itself available. Counsel is mostly undecided here :)
Happy trading!
Catatan
We may see this bottom out as low as 2.1/s. This is a seeming retrace of wave three and indications this stock is not ready to make any sort of breakout yet.Catatan
If this manages to hold 2.4 and retain value close to 2.5 the fourth wave would still average slightly higher than 3rd's trough. This is why I remain in "Watching mode" with regards to FCEL's short and long term, futures.
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