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FuelCell Energy Inc. Message Board

  • luckyone581 luckyone581 Sep 5, 2013 7:03 AM Flag

    Chart Says

    FCEL has been in a 6 year downtrend where the 200-week MA, currently at 1.50, has not been broken once, though it was tested for the first time 3 months ago.

    A close above 1.52 tomorrow (Friday Weekly Close) will be a buy signal of great consequence that would likely push the stock up to the 2.50 level within 4 weeks.

    It would then be likely that some kind of pullback and retest of support would occur with a drop down to the 2.00 level.

    Nonetheless, this kind of a breakout (if it occurs) would likely cause the stock to move up to the $5 within 6-12 months.

    Breakouts of the 200-week MA, especially after such a "long' time of being under the line are likely to generate a huge amount of short-covering in the first few weeks as well as establish at least a sideways market (likely) if not the beginning of a new bull trend.

    With the stock having traded for 21 months between Oct08 and May10 between 2.50 and 5.00, the probabilities would be high that if the stock gets above 2.50 that it would trade in that range for some time thereafter.

    It all starts this Friday. This earnings report should definitely cause the stock to rally up to the 1.50 level by tomorrow and if broken (now likely), it would be like the first domino falling that would cause a chain reaction to occur that would likely take the stock to 2.50 in short order.

    My educated chart opinion.

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