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Respect the TREND. Listen to the market.
Right at support and oversold. This level is critical. Any savvy investor would " wait and see". If it holds for awhile (bouncing around within support) dipping in a tad may be ok for another bounceONLY. If it breaks down, below $1.00 on a closing basis there's a vacumn between here and $1.75.
Given the prevailing weakness over the last 1-2 months, there is no reason to do anything here. Those counting on something big happening are basing it only on hope. They've done that before many times only to look later at lower prices.
The pushers may talk the talk. But the results prove their foolishness.
Now testing Major support betwn $1.00 -$1.05.
When it broke under $1.10 it was clear the stock would be destined to go lower.
Now the real test comes. A Hold here over a few das is encouraging. A break below $.98 -$1.00 will suggest the next target in the $,75 or even lower as I see no support.
The Bulls should be concerned right here. No Hogwash will convince the market.
Reinforcing promotional beliefs by creations of imaginary sales #'s with drawn out time lines convinces no one.......... especially the market . Nor has any analyst who objectively researches the company see it as realistic.
Living in a dreamworld makes your small audience wonder if your elevator goes to the top.
That's it for $1.15. Next stop a hopeful hold at $1.10.
Positive thought- The higher the px of oil, the more attractive solar, wind and hydrogen become.
Some Bulls just can't make up their mind. First they advise patience. In the next breath they talk about a rush to a 1400% gain. Very recently its trying to make sense out of every tick movement in the stock associating the ticks with changes in volume.
When will they learn to respect TRENDS ? When will they recognize resistance and support levels ? Whenever will they know that attempting to make projections out of ticks and slight changes in volume is a futile effort with no credence.?
Oh well! You can take a HOG to water but..................!
Despite the expected announcement, the stock is about unchanged.
One stretched out LONG now has pushed back his expectation for all kinds of contracts to come from So.Korea in 2024. I recall that same expectation to be in 2023 but it never happened.
In the meanwhile Bloom announced they did secure a contract 2 weeks ago in So. Korea It wasn't a small one either.
You'll notice no analysts has changed their ratings or their avg px tgts which now remains at $1.48.
With all the exaggerated expectations wouldn't you think the trusted professional analysts would recognize these and adjust his views. None have. Hmmm!
the good news its only down a penny holding nto its $1.15 minor support.
Fact- The market has no tolerance for companies with weak fundamentals. In a day like todaywhen the DJIA was down 1.09%, the S&P was down 1%. FCEL was down 4%.
FCEL can ill afford to have comparative declines 4x greater than the DOW and the S&P.
What this demonstrates is its not willing to accept " possible" but unevidenced potential as a factor in the px of shares of these companies.
Bulls will taut the " possibles" or talk up " creative potential" But they can't place it in the reports and it surely doesn't show up in the financials and thus not in the sh/px
Decades of consecutve losses and most recently a 55% drop in sales quarter to quarter cements the markets and analysts conviction that the company , thus the stock, is not going far.
It simply has nothing to show for 20 years of effort.
Professional Analysts have had it right for over 3 years while the tauters can only provide EXCUSES and PROMISES.
Common sense dictates stay clear of the pushers and place your bet with credible analysis.
The good news is that it didn't close below $1.15 which shows some resilience. I'd be more enthused if it continues to hold there . That's technical.
Guess not. You're still Holding it !
Some people just don't listen.
Anyone owning shares in FCEL for 20 years and has a $1.14 stock to show for it, needs to answer the question:
"What was I thinking" ?
A close below $1.15 means HOLD OFF buying until the px stabilizes. That's the technial picture!
Examining the fundamentals, there's no justification to BUY at all; as there are no fundamentals to base a purchase on except wishful thinking.
The technical picture is intact but overall market sentiment ( disappoinment in the CPI and reversal in thinking about reducing rates) could hold the stock back. If it does, it'll need to stabalize at a lower price before it resumes it's near term positive pattern.
Buy on pullback to $1.15. CPI number not friendly to the market today. Below $1.15 on a closing basis means wait.
W/O any fundamental gangbuster news , sympathy with the market is likely. None ( news )is given. Talking won't help. That's only noise as we've seen.
I bought some today. I like the trading behavior. Its being accumulated and noticed as you wiutness slightly higher highs and slightly higher lows each day.
I'll add on any small dip tomorrow or when itsbusts thru $1.25 . Either case, its getting attention.
You have no justification to say a1400% gain can happen again.. WAke up from your delusional dream and face some reality.. It'll save you much embarassment if you do.
That big move 3 years ago came with a great deal of anticipation. Reality set in and the anticipation fizzled as the stock went to $1.00. SELLERS were right and you were so wrong during the drop.
Now you're back at it. This time with a shameless track record and no credibility.
Time to add a little....... now or any $.02 -$.03 pullback.
The "back and fill" trading is evident warranting a purchase or a small add.
No technical support at $1.14. Read any chart to see that.
Chart shows some at $1.10..... then solid support at $1.00 - $1.05.
Resistance at $1.20.... then more formidable at $1.25 and then in the $1.33 -$1.35 area. A solid wall of resistance around $1.50.
Interpreting a chart properly can prevent bad decisions.
Unless some news of significant positive importance is released, this stock will continue to fail penetrating the levels the market has established.
No near term catalyst is expected. All the Bulls can do is rely on CC coming to the front burner by 2035 -2050. THAT IS NOT USEFUL!
But the market knew this on 12/23/2023. It didn't move the needle did it ?
"Pilots" fly planes They don't change prices.
Try a diaper the next time.
I sincerely wish my message doesn't scare you. Clear and objective is my goal on this board. And as you know , I have no tolerance for one sided opinions or pushers who distort, exaggerate misread and misstate technicals ,omit trutful research and ignore fundamentals.
Is that clear enough? Don't let it scare you.
More evidence today that $1.10 will hold and the stock is under some "accumulation".
Volume has been relatively low the last few days. Selling interest appears to have weakened. Some Buying is protecting the stock from going below support at $1.10.
In a word , the trading is dull. NEVER SHORT A DULL MARKET.
If you ever spoke the truth as you say, you wouldn't have been wrong at every turn for over 3 years.
The truth shall set you free. Try it; you might find it refreshing and relieve you of your disappointments.
You see , the " potential" so much tauted is nothing more then a fabrication. based upon what seems logical to accept by the hopefuls, but rejected thus far for years by the market and trusted analysts.
"Potential" does not appear in the financials at all as it isn't p/o the fundamentals.
Only when it can be recognized as a clear coming to bare fruit by the market and the analysts of worth will you see it beginning to appear in the sh/px.
Until then its just an unreconized mirage having no convincing value.
How wrong have shorts and flippers been ? They know !
Better Hold above $1.10 closing. Failure to do so and a test of $1.00 -$1.05 is probable.
The market doesn't expect any game changing news to be released soon. Asa discounting mechanism, if it did it would move up on anticipation.IT HAS NOT!
Pay no ,ind to assumptions. Let the market tell you.
So far its a back and fill trading pattern. Good sign if it continues..
You're asking the right questions to the wrong person.
He'll spew out the standard "ifs" and prayer reasoning , exaggerate the prospects with unsupported statements, inflate px moves and paint a rosy picture based purely on assumptions.
If you're truly interested in FCEL's truthful prospects, read what the profewssionals have found. You'll get objective analysis based upon thorough research.
Then compare their record with the other.
Quote " Andy might cut back the enthusastic optomism and not smooze over problems."
That sounds awfully like someone else who looks to prop the stock, mislead and exaggerate. I wonder if Andy has the same playbook.
Vijay says " we need the right technology " to met the goal of net zero by 2050.
He goes to say they don't have it yet but are working on it.
2050 is a long time from now. Anybody willing to wait 27 years for a touchdown ?
$1.13
Bloom Energy gains in SK as SK Group agrees to purchase add'l 500 MW of energy servers from Bloom.
This is huge for Bloom as they tighten their alliance with/in South Korea.
These are the kind of news announcements company's release to their investors .
No guesswork here. Just Plain facts.
https://newsroom.bloomenergy.com/news/bloom-energy-and-sk-ecoplant-announce-500-mw-sales-agreement-strengthening-existing-partnership
$1.10 support held. Good sign as pattern of slightly higher highs and slightly higher lows continue. As long as it does it strenghtens the case for an upside movement to $1.20 -$1.25.... no further except is seen on the chart at this time.
It appears Buyers are in fact nibbling and shorts are not in evidence. It's quiet volume with little aggressive trading on both sides.
As I suggest, nibbling is what's called for; BUY AGGRESIVELY NOW as one suggested 2 days ago before it dropped to current levels. There's time. And I'd rather pay a little more for certainty than chance another false call and go all in.
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=fcel&insttype=&freq=&show=
Sellers came roaring back as volume picked up at the open.
Don't sweat it Longs. A Hold above $1.10 now still keeps the "back and fill" trading in tact. A Close below it and it once again it gets nestledin the base between $1.00 and $1.05.
NOW is the time to nibble but not be aggresive.. HOGWASH has no creds. Listen to the market but ignore the perfume statements.
Proving no credibility by example:
On 4/1 at 10:38 the king of wrong calls" posted BUY BUY NOW NOW!!
The stock was selling at $1.20 at that time. It never went higher and closed today at $1.13, down 7% on the day.
Once again, this "contrary indicator" is proven. Take what he says carefully and do the opposite. You're sure to win. He's become a technical indicator ... one of the best to rely on.
Not so shocking when he sees a chart upside down, professes to know fundamentals when there are none, doesn't recognize professional research where none have ever recommended a BUY on the stock, sees no difference between selling by Holders and shorting, can't recognize distribution from accumulation, ignores trends, blocks any opinion differeing from his own.
This has all the earmarks of a delusional, clueless ,
And one 's a symbol and one's a name. DUH!
Wrong! Bloom is up . They're not selling it. They're Buying it.
Wrong ! It was Bloom that got an upgrade with a px tgt of $21; not Ballard.
Wrong! Fliipers don't flip for $.02 changes in px. Either do traders.
Get it right for once.
He has no credibility. None!
If you're going by charts alone, FCEL is shaping up nicely. The trading resembes a " back and fill" pattern with the base in the $1.00 -$1.05 having been tested successfully 3x over the past 2-3 months.
Sellers appear to be drying up . Buyers are nibbling.
NOW ? Not necessarily. The longer the trading pattern continues, the bigger the move. Nibbling ok ; but keep the powder dry for more evidence. When it appears, ( slightly, higher highs and slightly higher lows , that's when.
Timing is everything !! Investors have been sandbagged before.
A Short term move to $1.25 appears likely with an Overshoot to $1.33-$1.35 possible.
Nothing fundamental has changed. Bare that in mind , Yet the "hydrogen" talk is gaining attention.
Who knows; you might find me in the bull camp. But I can assure you it won't be because of anything HOGWASH has said.
BTW- Bloom got an Overweight upgrade today from EVERCORE. P/X $21.
How long has Hogwash looked foolish predicting events would happen, prices would jump , and news would be coming out . Then be absolutely wrong every time for years .
Credibility is paramount to acceptance. There is none .
No shame; no embarrasment; and never an apology for misguidance.
Shorts covering won't bail you out. You need convinced BUYERS.
They haven't shown up in 3 years and longer. No reason they'll show up now.
What have you got to show otherwise other than a hope and a prayer and a HOGWASH PUSH.
Comparing the potential of FCEL to Amazon and Google ?
What hallucinary drug are you taking.
Try comparing 2 Energy companies like FCEL with ENRON and the picture is clearer.
Its looking a better on the charts as now its evident that there's been some accumulation going on. A HOLD above $1.20 says $1.25 is the next level to challenge.
The group , BE, even Plug are shaping up as well .
If accumulation is what I'm seeing, Buyers are nibbling on weakness and a small pullback will bring them in. A sustained move up will require Buying volume and short covering. Short of that and count on a bounce only.
Best to hope for is $1.35 if this gets legs. W/o something concrete to sustain a rally, needs something fundamental to happen. Guessing doesn't count.
All one has to do is look at the 1st quarter comparative #'s to know the mountain it has to climb just to break even.
The rest is promises, hopes and a prayers which is all Longs have been given for years.
Losses will go on and on while sales may creep up. And oh those EXPENSES.
https://investor.fce.com/press-releases/press-release-details/2024/FuelCell-Energy-Reports-First-Quarter-of-Fiscal-2024-Results/default.aspx