FuelCell Energy Inc (FCEL)

[hopester]

I view the pullback as within a normal consolidation after a rather unusual move from a low base occurred.
Current support is about $1.30 . More formidable support at $1.25 as the chart will show,
This consolidation is not unusual and doesn't disturb the short term uptrend pattern that was formed. After the stock digests its gains, I'd expect a resumption to the underside of $1.50 or between $1.45 and $1.50.
A break below $1.25 would change my view.
$1.50 is the best outcome to expect. At that point, sellers should and will come in, as will shorts.
Don't lose sight that this is a technical move only and the fundamentals are still what they were. there's absolutely nothing to support a long term change in trend.