FuelCell Energy Inc (FCEL)

[hopester]

The stock has closed over the mnor resistance of $3.50 restoring some momentum as it did. Once again $4.00 +/- is formidable resistance where it should be turned back. The other factor which leads me to this conclusion is the O/B indicator. The $4 resistance converges with the O/B indicator giving the stock much to hurdle. Shorts will surely come in and s/t profit takers will appear.
Any projection beyond that wall is pure speculation and cannot be supported . Nothing fundamental or technical gives way that notion. A review of all the articles about the "prospects" of carbon capture methodology is years away from practical application. To assume its NOW, is another wishful thought.
Beyond that, if for some quirk of fate the stock goes beyond $4.00 much resistance at many levels lies ahead. The 1 year drop created them.
The Bull case rests soley on unfounded and unsupported assumption. I refuse to be trapped into thinking there's a foundation to any of it. I've seen it fail too many times.