Replies to post #29185 on FuelCell Energy Inc (FCEL)

[Good Timer]

#2 seems inaccurate. My chart shows 6 up days in a row.

Still looks bullish to me.

[XenaLives]

Nope...

This didn't happen:

1) the huge spike up on extraordinary volume.
2) the refusal to go higher the following da

There were five days of extraordinary volume starting on the 16th. That run continued for four days. So your points 1) and 2) are false

And 3) The extreme Overbought Condition as shown on the "Williams%r" indicator. Look at that indicator during the year. Each and every time the stock became extremely overbought, it pulled back. This is the most reliable indicator as it shows repeated evidence that a pullback will occur.
Nothing is guaranteed of course. But a slight pullback ( say a $1.00 ) will be healthy.
If it doesn't occur here it will occur shortly thereafter.
NOW YOU HAVE YOUR'RE EVIDENCE

Perhaps you should look at the chart more closely, Williams %R went over bought on the 5th and again on the 11th. Your point three is also a fallacy. FCEL has remained in the over bought area since the 5th.






You could compare the current chart with the chart below, your agrument would be to sell here:

or here:



And risk missing this ride:


VBP says we have moved into a new trading zone. I prefer holding at this point, trading could leave me out of an even bigger move: