FuelCell Energy Inc (FCEL)

[hopester]

Plug down $.15 ; FCEL down $.30 . Shows relative weakness in the group.
Once again the $3.50 minor support comes into play. Breaking that and its back to the $3.-$3.25 level.
In the last few days, the stock is marked by lower highs and lower lows. Thats the short term trend. The 1 yr trend continues down drawing a trendline from the $7+ high right through the current lower high.
The long term trend is absolutely still down drawing and connecting the highs all te way down from $29+.
The outside sources blames all on the market, manipulation, shorts and whatever serves the need to avoid the technical signals in place for over 17 months. Avoiding the abyssmal fundamentals adds to the lack of credibility to their analysis.
The Bulls have no case. The market says so as do trusted researchers.
Until such time as fundamentals at least show signs of improvement and the technicals turn, rest assure the stock will not turn.
I believe even the holders have figured that out by now. Only the lonely remain in the Bull camp with fingers crossed. The Bull message has fell on deaf ears. But echoes of it will continue.
Let the blame game begin!