FuelCell Energy Inc (FCEL)

[hopester]

Basic Technical Analysis:
THe support was $1.00. It shows up on a chart multiple times.
When it broke below , it broke major support. Once that occurs, $1.00 become Resistance
There is no support from this level until minor support shows at $.75. $.50 looks possible as well.
There is no debate on support and resistance levels. The stock remains in an elongated downtrend with nothing to indicate it will change. Until it does which is at levels considerable above $1.00 the technicals continue to flash a SELL.
Continuous mis-leading reading of charts and indicators are a clear indication of a lack of basic understaning of Techncal Analysis.
Your record proves it.