FCEL was on a long term downtrend before hitting bottom in May 2019. It began to form a base for the next 1.5 yrs before propelling out of this base @ 4.00 on high volume and more than doubled in just 2 weeks.
It may appear expensive after having moved 150% in just 2 weeks. However the bigger picture is still looking like an early bull yet. I have to caution though that been a penny stock, it can be extremely volatile for a while (20% wild swing is plausible), hence trade/accumulate with with caution!
Lots of resistences on the way up too, hence could take a while to cross these hurdles.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
It may appear expensive after having moved 150% in just 2 weeks. However the bigger picture is still looking like an early bull yet. I have to caution though that been a penny stock, it can be extremely volatile for a while (20% wild swing is plausible), hence trade/accumulate with with caution!
Lots of resistences on the way up too, hence could take a while to cross these hurdles.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.