FuelCell Energy Inc (FCEL)

[ryall12]

monthly chart still looks great here, showing nice accumulation and consolidation. definitely looks like a safe entry anywhere under 1.30. all the recent news has been great too

weekly chart kind of fizzled though. daily is showing it may rise soon which is good, flat moves on a downtrend are good as they build a solid base for the next up trend. look for around the 8th to provide a pop.
would be better if this was happening over 1.30 though. good for new entries being under, but much stronger if that would finally turn to support. otherwise i fear more flipping and trouble breaking 1.60 etc. resistances on the next push.

that 1.30 is such a key area. i can not find it anymore, anyone remember the dates and terms of the options on that last financing? i will keep looking but i think there was a period of time where 1.30 was in play and that may be what is faltering the pps even with such strong news. shame, should really be moving higher. but its only a matter of time.