FuelCell Energy Inc (FCEL)

[hopester]

With resistance at so many levels and the stock already moving higher from the support level, it would not be beyond the realm of expectations to witness a pull back to the $1.15 level or even just above $1.10.
From there its anybodies guess as to what direction it takes.
Major resistance is $1.25 ; then in the low $1.30's ( which would be an overshoot should it continue higher today or monday.
The Exxon news earlier is factored in the price. The Hydrogen incentive news Biden offers was expected. What's needed is firm contracts based on it.
Even then, with a 55% drop in revenues it would take an80% increase in revenues just to be even with the prior quarter. Then of course its all about the earnings losses.
We know they will continue for six more years according to analysts of repute. . So where's the price going from here? Professionals, who've been right for the last 3 years say the avg px tgt is $1.35. Even $1.50 is 80% lower than the high reached 2 1/2 years ago. There's nothing fundamental to say otherwise.
Let the promoters wish for greater gains. But facts speak lounder than words!!!!