FCEL LONG STRATEGY
1. R1 $9.50, R2 $10.60
2. S1 $7.57, S2 $6.55
Given the current market momentum it’s IMAO not to touch shares as profit targets are hard to determine, but in case you still want to trade, FCEL is less risky compared to those already over run.
The optimal entry point is around $6.60 but for those who cannot wait, can place your first lot of entry at $7.57 and then add to your position should it fall to $6.60. Short term target is $9.50 then $10.60. The market will be seeing corrections therefore be prepared to hold it longer then expected.
2. S1 $7.57, S2 $6.55
Given the current market momentum it’s IMAO not to touch shares as profit targets are hard to determine, but in case you still want to trade, FCEL is less risky compared to those already over run.
The optimal entry point is around $6.60 but for those who cannot wait, can place your first lot of entry at $7.57 and then add to your position should it fall to $6.60. Short term target is $9.50 then $10.60. The market will be seeing corrections therefore be prepared to hold it longer then expected.
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