Replies to post #45777 on FuelCell Energy Inc (FCEL)

[soflodiver]

It looks to me like staying above the 100 day SMA currently needs to happen first as it has had difficulty getting and staying above it recently.

The chart shows the price is moving up within an upward channel and has moved from near the bottom of the channel today to near the mean then fell back a little and is now moving sideways well above the 100 day SMA. Since the price has moved above the 100 day SMA and found resistance at the 200 day SMA today, I'm guessing we should know by middle of next week whether it will get and stay above the 200 day SMA.

[igotthemojo]

“If FCEL does not permanently break that long term 200 day and it continues down, the chart will turn to a negative indication and probably end the shorter term trend. FCEL needs a lot more new investor money, not just old money, traders, and wash manipulation. “

Dead on right…fcel has failed to break out…and it needs to in order to continue upwards otherwise, down she goes…

This is why there was an investors day cc…to bring in new investors…but hopes and dreams and talk of possibilities so far out into the future enticed no one…ALL companies have hopes and dreams…nothing unique there…

Talk about one time money coming from a failed partnership with posco that ended in a bitter lawsuit is not exactly thrilling investors either….it’s much better to have recurring money coming a flourishing agreement with a large partner…

Many here are trying to make out that “investing” $24 mil to pay lawyers to sue your partners is a good thing as long as you get more money than you spend….well it isn’t a good thing…that’s not what big investors want to see…

Been saying that for awhile now and now everyone can it’s true…

It’s all about that big welfare check and Exxon signing a new contract with fcel that includes a fat check…that’s it…all the links to all the articles that have the word “carbon” in them won’t change that…