1) The stock is sitting on the 200EMA and tested it July 3,5, and 8th (Today). Seems to want to stay above it. So, either it will lay flat in this area (.72-.68) or it will drop (possibly gap) back down to the .54 area. The 3 day trend would imply that could happen, unless from the 3rd forward is a Pennant. In which case, it could lay flat.
2) There is resistance at $1, which I'm assuming is psychological because there isn't anything recent coinciding with the $1 mark. Additionally, if we treat the 3rd as the start of a pennant, the stock could very well gap up to or over $1. The volume on previous jumps was low (in comparison to highs), which seems to correlate with the recent "flatness."
NOT ADVICE: I am assuming the 200ema will hold as support. The stock is above all the other ema lines as well. Nothing suggests a dump. Regardless, I've set my stoploss just below the 200ema. If it does return at least I have a good re-entry point.
I have 7200 shares of FCEL at a average of 36 cents. Now I'm getting two different ideas on how I can profit the most of the f cell opportunity. So I believe in holding for the long run cuz I believe in their company and their service or products but I see that day traders and swing traders make the price go up and down which is nerve-racking for me! I have started with an investment of 2500$ and when it hit $0.97 when the price goes up like it did the other day I believe it was $0.54 to $0.97 my stocks were worth 7900 dollars. so my first instinct was to sell and make the profit but then I did some DD and I believe in holding long run will benefit me better because I have a good starting position at .36 cents. Every 0.01$ it goes up I get 72$.
So I thought about swing trading and not selling all my stocks but making some profit and then reinvest when the lows hit is the the best way to profit from a stock like Fcel that's did not go BK but is getting the train back on track again.
Your Opinion is welcomed
PatternTrader0807
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@jacobcar03, You could take profits into incline (sell some of it) to get your money back, and let the rest do what it will. If it drops, you could short sell into profit. Personally, I got stop lossed out when it dipped below .63 and I never re-entered. I think they could make a recovery back to the $3.50 area. I'd have to look at the chart again but there is some resistance on the way up. $1.15 area is the first after $1. The drop from .72 to .51 the other day was brutal. I expected retraction but that was more than I guessed.
jacobcar03
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Hey thanks for the information it answered one of my questions. I do have another question can you give me your opinion
PatternTrader0807
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Adjusted my stop loss a little. Hoping it doesn't tank on open then bounce back up but it's possible.
So I thought about swing trading and not selling all my stocks but making some profit and then reinvest when the lows hit is the the best way to profit from a stock like Fcel that's did not go BK but is getting the train back on track again.
Your Opinion is welcomed