Replies to post #34460 on FuelCell Energy Inc (FCEL)

[duderaja]

I'd love to buy some at 10 but we just turned green. Up 1.5% or .25

[hopester]

I look at the charts and technicals. They told me the stock was rolling over. As it began to fall the technicals further deteriorated which moved my target to $20. Momentum on the downside picked up and the support at $20 broke down. the technical indicators worsened which gave me a new target at $16.
Now, should it fall below $16 0n a closing basis, my next target is $12.
It was clear to me, that the stock began to roll over after it failed to go higher 3x from the $29+ high. The trend was broken.
Analysts have it at $10-11 and some lower. That's based on what is the fundamental value not technical.
So, both T/A and Fundamentals are aligned and all the kings horses and all the kings men won't/haven't put FCEL together again for a long long while.