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.

WLT Triangle I don' really know what WLT does, but since October, it has formed a very ...
TEK Ascending Triangle TEK is retracing after breaking out of an ascending triangle. The chart looks good. The chart ...
HBHC Potential Ascending Triangle HBHC, Hancock Holding Company, showed up on my ascending triangle scan just now. This chart ...
KNOL Ascending Triangle KNOL, Knology Inc, showed up on my ascending triangle scan as a potential breakout candidate. ...
MS Symmetrical Triangle Breakout MS, Morgan Stanley Corp., has broken out to new highs after making a symmetrical triangle ...

This entry was posted on Wednesday, August 17th, 2005 at 12:39 am and is filed under Stock Charts. You can leave a response, or trackback from your own site.

3 Responses to “FCEL Triangle”

By gotfrank on August 17th, 2005 at 5:29 am

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.

By Nathan on August 17th, 2005 at 9:16 am

Haven’t you people heard of fundamental analysis?

By JWU on August 17th, 2005 at 9:51 am

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.