Which way from here for FCEL?


December 2020


Alex Cole

This is an interesting set up for Fuel Cell Energy. The trend is a “Go”, but we are struggling to match the recent high of the move. The top of the gap from the 2nd of December recently acted as resistance and so that will need to be cleared for there to be a rally back to $11.
The GoNoGo Oscillator is riding the zero line causing the climbing grid of GoNoGo Squeeze to rise to extremes. We will watch to see in which direction it breaks out to determine prices near term direction.
If the oscillator is able to break out of the Squeeze into positive territory then we can expect price to move higher, in an attempt to set new highs above $11.