Replies to post #41021 on FuelCell Energy Inc (FCEL)

[XenaLives]

It's hard to say a stock has made a "base" and include a reverse split because ownership has changed dramatically.

It is the relevance of the statistics that I am referring to.

[hopester]

Yup; As I said in post#41009, and shown in the 3 year chart, the multi-year base was formed prior to the big move up. The current base is short in duration and while a rally in the stock is likely, that too will be short in duration.
Reason: There's formidable resistance at many levels above the current price ( the 1st being $8 - $9 ) and the base simply is too short.

One doesn't have to be a rocket scientist to see it. Any understanding of basic technical analysis is sufficient.

And Splits and Reverse Splits clearly do not change patterns.
Its a simple proportionate adjustment in px that occurs.