Is FCEL a buy? March 19, 2021

19. März 2021

FCEL has had several days of bleeding that seems to have coincided with disappointing Q1 results and a fall on the Nasdaq and a brief rotation out of tech. On a positive note FCEL stopped its fall and is now trying to retrace to prior support at 14.93. The 14.52 price at 12:35 gives both bears and bulls an important psychological inflection point. Bears will want to push the stock back to 13.12. If FCEL either today (Friday) or Monday retraces the monthly resistance level of 14.93 then it will have no real resistance until 16.80 and 18.50. A long term play to that monthly level of 21.70 would be a great long target.

Not financial advice. For entertainment and educational purposes only.