Funding by a gov't and a crisis water shortage are totally unrelated. No dots connected here. Legislation restricting water usage may come and for that CEO to say it will be used for CAR WASHES told me he's out of his league as a leader. Moreover he had a golden opportunity to keep investors informed on the progress ( if any) made with the EXXON arrangement. He failed to do so.
Finally fcel is diluting shareholders with their Jefferies agreement. 104 quarters of losses since 1999 and still no profits. BY 2040 0r 2050, CC may come into its own. For the next 20-30 year the stock is dead money. 11 ANALYSTS AND NOT A SINGLE BUYNO NEAR TERM CATALYSTS TO MOVE THE STOCK AFTER LOWERING THE TARGET. MORE PAIN COMING AS THE MARKET RECOGNIZED THE FLOP!
CHART AND INDICATORS SHOWING A POSSIBLE BASE BEING FORMED. BOLLINGER BANDS CONTRACTING SUGGESTS A DECISION ON DIRECTION WILL BE MAE SHORTLY. OTHER INDICATORS SHOWING SOME DEGREE OF IMPROVEMENT.
GOLDEN CROSS IS NOT EVEN INCLOSE PROXIMITY TO HAPPENING. THE 200 DAY MOVING AVERAGE SHOWS THE YELLOW LINE AT $11 1/2 while the 50 day is hovering around $7. A good chart reader knows better than TO suggest a GOLDEN CROSS when it looks more like a DOUBLE CROSS. ANY T/A WORTH LISTENING TO WOULD NEVER BASE A GOLDEN CROSS ON A 3 DAY CHART.
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