FCEL? More like FBUY!FuelCell Energy
Short Term
We look to Buy at 4.29 (stop at 3.84)
Previous resistance at 4.40 now becomes support. A higher correction is expected. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Buying pressure dominated price action yesterday and we expect this to continue today.
Our profit targets will be 5.79 and 6.28
Resistance: 5.90 / 6.94 / 11.55
Support: 4.40 / 3.20 / 3.00
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