Replies to post #31628 on FuelCell Energy Inc (FCEL)

[Good Timer]

Hopester, what is your definition of resistance?

Without looking up the official definition, I define resistance as prices above a stock's current price where people who bought at those higher prices will be likely to sell their shares if the stock should reach their buy in price, just being happy to get their original investment back.

If my definition is accurate, there are only 3 days in the past 27 months, all in the past week, that had prices higher than FCEL's price today. Those 3 days totaled about 300 million shares. 300 million shares is negligible resistance, especially since most of those were bought by people who are aware of FCEL's current potential.

You have to go all the way back to mid 2018 to find any real possible resistance which is in the $19 to $22 range. Most of those shares are likely already sold, but some are probably still held. When we get to $19, we can start talking about possible resistance, but until then I see clear sailing.

You should really stop referring to resistance as a reason to expect FCEL price to plummet. It doesn't reflect well on your understanding of TA.