find_the_pattern

Strong horizontal support for FCEL

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find_the_pattern Uppdaterad   
NASDAQ:FCEL   FuelCell Energy, Inc.
A potential of ~17% in case of increasing price as indicated with the arrow. There is a strong support level, which leads to a comparable low risk.
Entry level $2.01-2.07 / Target price $2.41 / Stop loss $1.94
Indicators are recovering from oversold conditions. Delay of ER was followed by a loss of ~7.6%. The strong horizontal support (green line) held again.
Expectations are uncertain after delay of ER, so that any positive news could result in a great rally.
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock.
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