Natural Gas could continue in this bullish channel however, I would like to see it pull back into this support level before going long again. You need to remember Natural Gas is a seasonal commodity and generally around winter time is when it will be utilized to combine that with another potential lockdown here in the UK could see people stuck indoors for longer...
FCEL has been volatile and is still on an ascending ziggurat format with its harmonics. Last C-Wave $FCEL retraced the same region it is now tumbling to.
BUT, BUT, BUT...stay with the trend here and avoid the panicking sell off that other investors are probably engaged in. While there can be no reassurance that FCEL bounces back, it has done so four times this...
With an average cost of 3.56/s on BWEN, the targetted sell range is a temporary previous-high (roughly) at 5.7/s.
That said, trends are not supporting this run. Potential EXIT @ 3.40.
This is currently targetted as a LONG to match the traceback to these lower levels, preying on a full-correction to that mark.
This is quite far from the most profound analysis...
$NOVA has made a steady climb since the March lows resulting from the COVID Crash.
The trend is clearly seen w/ a steady ascent and minimal retraces -- That is, until now. The highlighted square provides a look at how NOVA has broken from a steady trend it maintained for nearly six-months. As to whether this is a full-reversal and trace down to previous marks -...
$SEDG - like many others in the NE sector made a massive leap (circled red region). Now, it is time to see if it retraces that gap and hits the trough of it (Marked with an "X") -- or if it hits a consolidation period to be followed by even more parabolic action (UP OR DOWN).
The harmonics here are quite a gamble, but the overall trend upwards over the last...
FCEL became a dump when it traced sub 2.1/s during a deep trough to a short (in duration) fourth consolidation wave. The sideways and downward motion appears to have come to its halt. While some pre-emptive panic caused a slight loss during that re-trace, the entry point at 2.9 looks SPLENDID with a target zone between 3.2 and 3.3 per share, which it could spike...
Sun Power oscillated between roughly 9.5 and 10.5 per share during a somewhat longer "handle" phase, but it is now breaking out and is 11+ per share. $SPWR reports earnings today (Wed) at market close. It is projected to be -0.36. We will have to wait and see if it swings a positive earnings report, against expectations, which could push SPWR even further - even...
Though I entered FCEL Positions on Monday, I stayed quiet for a little bit about it. The consolidation led to the thought a BULL RUN was coming, and the past two-weeks really have been just that. The entire natural energy sector has had a great overall past month, rallying on days the S&P is down - and even on days the NASDAQ itself does. FCEL is a crazy...
