Saturday, June 11, 2011

FCEL 06-11-2011

Normally I do not feature stocks this cheap and/or without large volume, but some friends are looking at this stock.  I will leave it up to you to do the fundamental analysis.

FCEL appears it just set a 11TD bottom.  The amplitude of this cycle appears to be about $.40 ($.07 a day).  At $1.39 that is an upside potential of $1.79 if this cycle were operating in a vacuum, but it isn't.  There is a 33TD cycle that is down and it has an amplitude of about $.45 ( about $.03 a day).  So that means the net potential the next 5-6 days is around $.04 a day or $.20-.24 to the upside (say around $1.60 +/- $.03).

Here is a chart:

An ideal entry time for a longer term trade may be the last week of June.   GL traders, do your own analysis.

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