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FuelCell Energy, Inc.FuelCell Energy, Inc.FuelCell Energy, Inc.

FuelCell Energy, Inc.

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FuelCell Energy: A Strategy for Bullish MomentumHello, traders and investors. Before I dive into the analysis, please note that I am not a financial advisor, and this is not financial advice. FuelCell Energy is showing several bullish indicators across different time frames, suggesting a potential for a significant upward move. Here's a refined analysis: On the 4-hour (4H) chart, there's a noticeable shift in momentum to the upside, indicating a change of character. After a decline to a key support level (referred to as "order block"), the price action formed a double bottom pattern, suggesting a reversal. Additionally, a Bat pattern is emerging, with the ABCD structure signaling potential profit-taking levels at $2.16 (Fibonacci 1.272 extension) and $2.45 (Fibonacci 1.618 extension). The MACD indicator shows a bullish crossover and divergence, complemented by a double bottom in price and a higher low in the RSI, reinforcing the bullish outlook. On the daily (1D) chart, two significant patterns are observed: a descending triangle and a symmetrical triangle. A decisive break and close above the $1.5 resistance level would confirm a breakout from these patterns, along with a downtrend parallel channel, signaling a strong move to the upside. I initiated a long position at $1.10, setting a stop loss at $1.05 to mitigate risks from a potential bearish breakout from the descending triangle. My strategy includes taking 50% profits at $1.7, anticipating a possible retest of the breakout level ("crime of the scene") before aiming for a second profit target at $2.4 (Fibonacci 1.618 extension). It's crucial to be cautious around the $2.5-$2.7 levels, as the price may face rejection, underscoring the importance of not being overly greedy in profit-taking strategies. This analysis is based on current chart patterns and indicators, which suggest a bullish run for FuelCell Energy. However, keep in mind that trading involves risks, and it's important to conduct your own research and consider your risk tolerance when entering positions.
NASDAQ:FCELLong
by MarketPax
2
"Fibonacci Fuel-Up with FCELFuelCell Energy (FCEL) is showing signs of a potential bottom formation, and savvy traders are keeping a close eye on its Fibonacci retracement levels. After a prolonged downtrend, FCEL might be gearing up for a reversal. By recognizing key support levels and using Fibonacci analysis, we could be witnessing the early stages of a bullish move. With clean energy gaining momentum, FCEL’s recent price action could be an opportunity to fuel up on this stock before the next wave. Keep this one on your radar for a potential Fibonacci-fueled breakout!
NASDAQ:FCELLong
by bovinebreed
FCEL Energy Penny Stock Buy the near term Bottom LongFCEL a penny alternative energy stock is at a near-term bottom sitting at the POC line of the volume profile and a standard deviation below the intermediate-term mean VWAP about a month out from a good earnings beat. Given the current administrations unwavering support for green enerby sometimes with grants subsidies and other hand- outs I see FCEL as getting some trader attention of the good kind unlike PLUG which announced a large public offering to dilute investors. FCEL could steal some of those investors. The supertrend indicator is signaling a reversal at the confluence of the POC line with the VWAP band as mentioned. My target is the mean VWAP at 1.50 for about 35% upside with a stop loss at the recent pivot low of $1.09 making for a reward-to-risk ratio of better than 6. I see this as a swing trade with potentially 75 days in front of it given the earning report for 24Q1 is due a bit beyond that and best risk management would be to take a partial and size down going into earnings.
NASDAQ:FCELLong
by AwesomeAvani
2
$FCEL Fuelcell Energy Inc Long term PTs 39 - 682 and higherNASDAQ:FCEL Fuelcell Energy Inc Long term PTs 39 - 682 and higher FuelCell Energy, Inc., together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems. It also offers technology to produce electricity, heat, hydrogen, and water. In addition, the company provides turn-key solutions, including development, engineering, procurement, construction, interconnection, and operation services. It serves various markets, including utilities and independent power producers, industrial and process applications, education and health care, data centers and communication, wastewater treatment, government, commercial and hospitality, microgrids, manufacturing, industrial hydrogen, port, oil and gas, wind and solar projects, food and beverage, hydrogen for mobility and material handling, and hydrogen fuel for heat, as well as engineering, procurement, and construction firms. The company primarily operates in the United States, South Korea, and Europe. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.
NASDAQ:FCELLong
by BADQOMOCAWGOWLD
1
FCEL 1W Bearish Running Flat CorrectionWave 4 of C upwards over 100% then final wave 5 down to retracement of previous wave 2 on the left. 82% Decrease in Price for wave 5. FuelCell Energy, Inc. engages in the development, design, production, construction and servicing of high temperature fuel cells for clean electric power generation. It develops turn-key distributed power generation solutions and provides comprehensive services for the life of the power plant. The firm's fuel cell solution is an alternative to traditional combustion-based power generation and is complementary to an energy mix consisting of intermittent sources of energy, such as solar and wind turbines. It provides solutions for various applications, including utility-scale distributed generation, on-site power generation, combined heat and power, distributed hydrogen, carbon capture and hydrogen-based long duration storage. The company's platform has the differentiating ability to do all these applications utilizing multiple sources of fuel including natural gas, renewable biogas, and propane among others sources. The company was founded in 1969 and is headquartered in Danbury, CT.
NASDAQ:FCELLong
by TheCryptoChartWhisperer