On December 10th we noted the GoNoGo Squeeze that had formed on FCEL, and that we should watch to see if the GoNoGo Oscillator can break out of the squeeze by rallying off zero into positive territory. We have seen that happen this week, on both the daily and the 4hr chart (seen here). As is often the case, after a period of low volatility (depicted by the GoNoGo Squeeze), the price move can be significant.
We are looking now to see if price can consolidate at these levels and forge ahead to more gains.
By
Alex Cole
