FCEL Triangle
By Johns Wu on Aug 17, 2005
i would probably be careful about buying FCEL right now. its forming a symmetrical triangle that is tightening up on descending volume. plus, the 25SMA and 50SMA, which are currently constricting the price action on FCEL, are about to make a bearish cross.
today was a pretty bad day on markets. i got stopped out of ADBE at $26.81, and everything on my watchlist is red. it could be a good time to pick up some cheap stocks though, so i’ll be flipping through some charts later today.
3 Responses to “FCEL Triangle”
Haven’t you people heard of fundamental analysis?
fundamental analysis usually requires going long term on stocks. i dont really have the patience to go LT, so i dont really do fundamental analysis.
the extent of my fundamental analysis is looking at MSN’s stockscouter score for my stocks.
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Nice to know you had a stop up there. I was worried when I saw ADBE below 26.56 as I remember that’s the price you got in. I wanted to go in, too, but looks like I guess not anytime soon now.