FuelCell Energy Inc (FCEL)

[hopester]

Never said it wouldn't go higher. I did say it needed some consolidation before it does. The Overbought status suggests consolidation in the form of a pullback.
6 up days in a row suggests an extreme overbought condition.
Notice the past reactions I showed on the chart. In each and every case the stock retreated. That is evidence and solid.

#2 shows that no follow through after the 6 days run up and big spike happened. That suggests its struggling to go above the intraday high made in the prior 2 sessions. And that suggests its a blowoff.

The analysis is not a science. It could take another leg higher from here. But that would only mean the retracement would be greater from that point.
Who knows; maybe a news event could do it. But I go with what is and not what could be.