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Friday, 03/25/2022 12:30:32 PM

Friday, March 25, 2022 12:30:32 PM

Post# of 60413
Last Fri I stated;

FCEL is in a critical juncture right now and needs to go up above the 200 day and continue upwards, .....
Both 200 SMA & EMA are continuing downward. It was at 7 last week when it tried and failed to go above it making a new lower high after a new lower low in the long term trend. Now it is at 6.92 still in a downward long term trend.....
If FCEL does not permanently break that long term 200 day and it continues down, the chart will turn to a negative indication and probably end the shorter term trend.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168246041

The 200MA is now 6.80 and even the 100MA is going down and FCEL has broken below that. The negative indication that I was talking about was the last part of this being formed and FCEL is beginning the confirmation of that indicator. And yes it can be on an angle but still will mark an end to whatever trend it is in, up or down for an inverse. It is what it is for whatever it's worth.

I've covered my shorts from early this morning here at this level, but will more than likely do more if the pattern continues to validate and I presume many other algorithms will kick in. Given there is always chance to hold the line and not be confirmed totally, but there are multiple sell signals going on with FCEL and of course selling has already been done. With all the obvious indicators already spoke of, It has also broken below the short term upwards channel pattern not shown here.

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What Is a Head and Shoulders Pattern?
A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, where the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.

The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.

https://www.investopedia.com/terms/h/head-shoulders.asp

Kleptocrats: a ruler who uses political power to steal his or her country's resources.

Kleptocracy: government by those who seek chiefly status and personal gain at the expense of the governed.

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