It's another good day trading baby today's drink healthy as it gets rain, energy strawberry sublime, not bad. What is up everybody welcome to trades trades. We have technical analysis and different stocks in the stock market, as well as potential buy, hold or sell opinions on these. Given stocks, i like to purpose by saying that i'm not a financial advisor nor expert so take what i say with a grain of salt.

The reason i started this channel if it's a couple years back, i was about 30 000 deep in some medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work hard and invest my money and i'm happy to Say that not only am i now financially free, but i'm doing pretty well for myself at the age of 23.. So if i can pass along any of the information resources or tools to you, guys here at the community, make a couple people better off than they were before. That's all that i can ask for last. If you would not mind dropping a like on the video, it does help support the channel and consider subscribing if you'd like to see more content like this.

Now today we have an update on ticker symbol, fcel fuel cell energy, incorporated this is a big fat hold stock. For me, i'm going to be holding this for the long term, at least at least a year, probably longer than that. We have a lot to cover today, i'm going to give you guys an idea of why we're seeing a run-up on fuel cell again a little bit of a price rejection at that 1555 range, and i do want to confirm uh something that i pointed out on. One of my previous videos with a fibonacci.

This was uh thanks to buy the dip over at uh the discord, but i am going to show you guys that that did come to fruition uh and move on in that sense. So, look at this on a one month chart as well as a one day. One minute chart look at the overall volume. I have three indicators pulled up, which is the relative strength index, anything over 70s or bot, anything under 30, oversold, the 200 ema, which is the exponential moving average, and this is just a 200-day price, action-based trend line that shows you the average valuation over that moving Period as well as the 15 day vomit, the volume adjusted moving average.

Some brokerage accounts don't have this you'll have to use the vwop or the ma they're a little bit different, but about the same premise - and this is a 15 day price action based trend line that adjusts accordingly to the overall volume that goes into a stock. We'll talk about what these all mean level off some levels of support and resistance, i'll drop a retracement with the fibonacci just to show you guys something that did actually come to fruition, which is awesome. I hope that people took advantage of that. That potential entry point a chance to improve your position in the stock uh the whole nine yards.

So let's just get right into the video, but first i want to give a shout out to the guys over at the patreon. We are 340 members strong. Thank you guys so much for the support. It really does mean a lot to have you all here.

They will have access to the private discord, as well as real-time insight to my personal trading and guys uh. There's a lot of gold in here we've got. Spack plays short term plays midterm plays long-term, plays investing assistance, uh chatting questions, there's a lot of good stuff in here. I've got some things that i need to read, but we'll get to that in a minute uh.

If you're interested, there is a link to the patreon in the description down below now, uh fuel cell, if you're not familiar with what they are, we'll just read you a quick description off of marketwatch. They develop environmentally responsible, distributed baseload power solutions through proprietary, molten carbonate, fuel cell technology. It develops turnkey, distributed power, generation solutions and provides comprehensive services for the life of the power plant. The firm's fuel cell solution is an alternative to traditional combustion based power generation and is complementary to an energy mix consisting of intermittent sources of energy such as solar and wind turbines.

It provides solutions for various applications, including utility scale, distributed generation, on-site power generation, combined heat and power, distributed hydrogen carbon capture and hydrogen-based long-duration storage. The company's platform has the differentiating ability to do all these applications using utilizing multiple sources of fuel, including natural gas, renewable biogas propane among other sources, and the reason we saw this run up. I do have an article pulled up and this was posted 17 hours ago by the motley fool. It says why fuel cell stocks are rocketing again today and we'll just give you a quick read here.

So three factors appear to be at play: analyst upgrades the doe announcement and earnings. Let's take a look at them one at a time, so ballard power is one of today's biggest fuel cell gainers and for good reason. This morning, analysts at capital announced they have initiated coverage of ballard with a buy rating and a 39 price target reports. Streets, insider plug may be the fuel cell company dominating all the headlines lately, but roughly 45 percent of fuel cell vehicles running in china today are running on ballard-powered fuel cells, notes.

Speaking of growth, the doe gave the fuel cell industry a big boost toward its growth goals on friday, when it announced 160 million dollars in subsidies to fund the production, transport, storage and utilization of fossil based hydrogen. So that is why we are seeing the run up here and we are expecting an earnings report out of fuel cell, i believe on the 21st, so i will be giving an update video on that. If you want to watch it make sure that you stick around the channel, so you can check that out, but that should push the stock price up as well as long as the earnings reporter are fairly decent. Now i don't, i do know off the top of my head that previously fuel cell is not quite profitable yet right and we might not be looking at profitables yet at this earnings report.

But what we're looking for is an improvement from the last quarter, an improvement from the last earnings report. So if we do see that i anticipate that we'll see an increase in price valuation, i think fuel cell will continue to grow and it is absolutely beautiful. I do have a position in the stock. This would be completely transparent.

I am in a dollar cost average of 11 18 with 229 shares, currently sitting up about 62 and 150, and i am not looking to sell this anytime soon. This is a big hold stock. For me, i see this as maybe a year hold possibly longer it'll depend on how the earnings play out uh, how sentiment stays towards the stock, how they commercialize, how? How plug power and fuel cell work together, but, as you can see by that article, fuel cell is moving really well a lot. It's very highly utilized in china and i can see it doing some good things and there's a lot of things i like on the chart here to back that up.

The volume is very consistent, which means that this is consistently being invested in by investors. I don't think at this point: it's traders getting into fuel cell anymore, as this is not a penny stock. This is not a quick turn and flip company the rsi indicator. One thing i don't particularly like is: it is oversold quite frequently and this typically freaks people out.

I get asked all the time. Hey trade fuel cell's down like four bucks uh. What should i do? Should i sell and every single time i just have to say this - is a volatile stock, for whatever reason it corrects pretty harshly i mean we can see here when it touched 1391. It corrected almost all the way back down to penny stock range.

When we touched up at 20 and 84 cents, we corrected all the way back down to 15 gave back five bucks of that. So this is a volatile stock. That's one thing that kind of is harsh about fuel cell, but i do think it is going to continue to grow if you can stomach those churning days where you might be down 10 15, because it's very capable of going up 10 15 percent in a single Day, as we saw yesterday so uh, this is a very bullish territory. The vomit is gapping over the 200 dma.

Again, we actually really didn't even see it come close to the 200 dma it was. It was gapping down, but it didn't cross back over. So this was not macroscopically bearish territory, yet we are still growing on a monthly chart. We were at nine dollars at the beginning of the month, guys.

So just keep that in mind. We have doubled up on fuel cell already and i do think this growth is going to continue as if plug power continues to grow. I anticipate that fuel cell will do the same thing. The charts are very similar as clean energy continues to grow, so will fuel cell right fuel cell looks very good and we did actually draw retracement on fuel cell, and i predicted that - and this is not thanks to just me - this is uh by the dip over The discord so make sure that you give him some uh some credit, but we anticipated that this would correct to about 15 and 90 cents, and that is because, in the last run-up uh it retraced to 50 on the fibonacci and we said hey.

This is a pattern. We've seen happen in the past, so i would not be surprised, at least if we see a halt at 15.90 and sure as crisco is a southern, loving, uh means of cooking. You know hot dish as we call it in minnesota uh. It stopped at 15.90, so that looks absolutely beautiful.

We did see a nice bounce. It is looking very bullish right now down maybe a hair in the pre-market, but i do anticipate over the next five days. We will see it at a higher price valuation than it is sitting at. Currently, the volume is looking great.

The rsi is trading about neutral right now we are moving on an upswing and typically when the stock runs, it does run for a couple of days. I mean we can see here a pretty solid five day stretch pretty solid six seven day stretch. I anticipate that this is gon na, be the next run up and it looks very, very nice, so i'm excited for what's to come with fuel cell now. If we change this over to the two day, one minute chart really quick just look for some extra confirmations.

We do currently have the 15 vomit trading underneath the 200 ema, which is a bearish indicator. So do keep that in mind. Microscopically speaking, the stock is trading down right now, uh the rsi. We did have a double bottom.

It was a double bottom that stair step down. So we may see a little bit of selling pressure today, just based on what we're seeing right now, that's not guaranteed, but that is how it's looking right now in the pre-market. However, this is microscopic right if you're willing to hold this for a year, you got ta, not pay so much attention to the day-to-day stuff. As this is a growing stock, we can see that we can see over the last month.

It's been growing, but it is a lot of up and down movement. It's not a tesla by any means. It's not gon na just go straight up uh if it that'd be pretty sick if it if it did, but that's just not how fuel cells looking right. Now, but you know overall, this is very bullish territory.

We did gain 10 yesterday. I anticipate that today, we'll probably see a little bit of consolidation a little bit of a bleed, maybe down a couple percent or we're going to continue to see a run uh as it's it's looking very nice right now, macroscopically speaking, the charts are beautiful, uh. It's it's not bad whatsoever. If you're looking for an entry to this stock to improve your position to establish a position watch for a bounce off of seventeen dollars and eight cents, this does appear to be the next acting level of retracement on the fibonacci and it does line up extremely well.

As a level of support, as we do have multiple candles touching at that level, so if we draw up a quick support line, we can see that we have a couple different contact points here, acting as a level of support and resistance, and it did nearly touch Down at this level at 17 and 15 cents, which lines up extremely well with the fibonacci at 17 and 8 cents. So if you want to improve your position, i think that's a pretty solid place to start um you're not going to get bad if you're. Looking for an entry, that's a solid place to start. I do have a 30 to 35 dollar price target on this at the end of the year, and i always love all my estimates and i think that is very, very easily attainable uh.

So if you want to make a very easy uh profit in a year, this is a great stock to do it in. So that is what i have for the update on ticker symbol: fce l, fuel cell incorporated uh. If you enjoyed the video, please drop a like, it really does help support the channel and consider subscribing if you like, to see more content like this and lastly, i do have an affiliate link in the description box down below for tubebuddy. Now tubebuddy is an seo.

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I just appreciate your support by taking the time to watch my videos, so that is what i have for you guys today. Thank you for watching my friends and i will see you all next time. Peace.