FuelCell Energy Inc (FCEL)

[NSX]

$FCEL....several big green weeks ahead

An increase in Short Volume with little, if any, cover volume will likely create a short squeeze.

A reversal week was BIG. Looking at the weekly chart drives this home for the bullish investor. The weekly PSAR is on your side=Bullish!
The daily chart is a thing of beauty-

Last week, the EMA 20 crossed over and above the EMA 50, and EMA 100
This week, I see the EMA50 (delta rise of the EMA50 > delta rise of EMA100 and should be) going above the EMA 100=bullish intermediate trend.

The Due Diligence here posted by other (w/links) supports the energy for this to keep moving ahead. Marching up on the top of the BB should be a powerful indicator of continued bullish move!

We are above the cloud but see how the conversion line dipped below the base line Friday morning (selling pressure), and kept $FCEL below the $0.0859-our new resistance line.

However, the ADX, direction of trend, are all knotted up at 23.5. This is indecision as investors may have settled into the idea that we may have reached the top of an initial market correction-Expect a couple of days for the direction to materialize.

NSX-1. Stay in Cash, and buy the dip if you are planning on intermediate and long term hold. On the other hand, but
2. if you are short, a sell signal is your best bet to avoid getting caught in the anticipated SHORT SQEEZE!