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Analysis: #NASDAQ $FCEL

Case 480 #FuelCell Energy Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#FCEL 1/4
Chart 1
Daily Chart: Conditions have been trading in the tight rising channel since the beginning of the year. Immediate #resistance lies at the #SMA 50 at 2.70 then Aug. 2020 #pivot at 3.71. A close/hold above the channel top at 3.73 will target .....

FCEL 2/4
..... synthetic resistance at 4.82, then 5.71. To the downside, good #support is seen at the SMA 200,currently riding the Dec. 2019 #trendline approximately at 2.06/04, farther down strong support 1.26/04.

FCEL 3/4
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