What is up, everybody welcome to trace trades, where we have technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks. I like the premise by saying that i am not a financial advisor nor expert, so take what i say with a grain of salt. The reason i started this channel is because a couple years back, i was about thirty thousand dollars deep and some pretty bad medical debt, and i was very fortunate to have some close family friends or mentors that pushed me to work really 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 and guys my undergraduate was in nutrition. So anybody can do this stuff.

I can pass along any of the information resources or tools that are given to me, make the community a little bit better off than it was before. That's all a guy can ask for. Lastly, if you would not mind dropping a like on the video, it really does help support the channel and consider subscribing if you'd like to see more content like this, as i do post videos every day and i do cover fuel cell very regularly. So quick shout out to the guys over the patreon we're about 50 members strong right now, arthur humira montana, robert justin cody idiot box, matthew isaac, matthew.

Thank you guys so much for the support. It really does mean a lot. They will have access to the private discord as well as real-time insight into my personal trading. Now today, we're gon na be giving an update on ticker symbol.

Fcel fuel cell energy incorporated we're gon na walk through the one month chart and the one day one minute chart just to give you a macroscopic and microscopic point of view on the current price action and bullish and bearish trends. I've got the 200 period ema exponential. Moving average pulled up - and this is just an average valuation trend line on the current price action over 200 day moving average and then the 20 day volume adjusted moving average. The vomit - and this just gives you an idea of overall volume trends and takes that into consideration with the weight of the average valuation trend.

We've got. The rsi indicator pulled up, we'll talk about uh. What that's meaning right now we'll talk about the average volume trend, and then we will look at uh the one day, one minute chart and just give you an idea of uh how to trade this as a day or swing trader. So if you're new to the channel and you're not familiar with fuel cell fuel cell energy is a clean energy company and they develop environmentally responsible distributed base load 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, so they're a clean energy company very similar to plug power, which has seen a massive run-up in the in the past couple of days as well.

As you know, clne clean energy that company and the clean energy sector. Right now is absolutely on fire, and that is because plug power uh received a 1.5 billion dollar investment from a south korean company. As you can see here, plug power leaves up 33 and all other companies in that sector greatly benefited from that. So fuel cell is no exception, they're doing absolutely phenomenal.

Yesterday they were up over 20 on the day. As you can see a massive massive run-up. It's been beautiful to see, and you know i did tell people didn't be patient. This stock is going to pop.

We just need some sort of news catalyst we need. We need them to keep doing what they're doing to do the great things that we know that they're going to be able to do, and, as you can see, it's done very well. Market cap on fuel cell is just shy of 5 billion, so they're pretty decent sized company. Nothing crazy, but they're, not small by any means - and i do think as a five - almost five billion dollar company.

They are going to be worth more than fifteen dollars, which is what they're currently trading at so i'm very excited to see what's to come with fuel cell and it's definitely the future right. So there was a time when coal was the the energy source and they were saying: there's no way gas will ever do the trick. Well, look at us now we're using gas who would have thought same thing's happening guys. Clean energy is going to happen whether gasoline you know, people who believe in gasoline want to admit it or not.

It's going to happen. So, let's take a look at levels of support and resistance on the stock. We are currently looking at probably the best acting level of support right here at about 1391, followed by you know a very short term and not a lot of price action. Uh support level at 1485., actually as a prior level of resistance.

Now, acting as a level of support and then a resistance level, currently right around 16 and 92 cents, my god i didn't realize we almost broke 17 bucks today that is gnarly such filth. Oh, i love to see it uh i'll, take a shot of whiskey for that later tonight. I'll tell you that right now, so that's beautiful, we're looking very, very, very bullish, uh, it's great price action, and you know it's very likely. We do see a pullback right after a run-up like that.

It is going to happen. Inevitably, it's not a matter of if it's just when right, but i am going to hold my position and i will be transparent and show you my position in fuel cell at this. Given time i do have fuel cell at about 229 shares at a dollar cost average of 11.18 up about 37 947, and i will be holding fuel cell until at least 25 to 30 dollars. I do think they are on par to match with plug power, and if we do pull up plug real quick, you can see that they have very similar price action here right there they're both running up an insane amount.

Jesus christ plug, is up to 50. Some bucks that is insane a couple days ago. They were trading in the 30s guys. This could be fuel cell, i'm telling you this could be fuel cell and uh.

I i really firmly believe these guys are going to reach 30 by the end of the year. If not more, i mean plug one from 30 bucks to plus 50 in a couple of days. You know it does not take much for a company like this to gain traction, especially with biden taking office, so that is beautiful. We do have the uh the 20 day, voma crossing over the 200 ema, which is a very bullish indicator.

I do have that. You know marked right here and anytime that this happens. You typically see a very massive run up and the larger the gap between these two indicators, the more bullish a stock is trending. So, even though we were only up 2 on the day, only up a green day is a green day right crack a beer open for that one, but um, even though we're only up two percent on the day, we are still in bullish territory, even if there Was a pullback from the pre-market highs? I would not be concerned about that whatsoever.

We're looking very solid on the stock. We are correcting off of an overbought territory, anything over 70's overbought. Anything under 30 is oversold on the rsi indicator and, historically speaking when we approach this overbought territory, you know we do see. You know 50s low, 40s uh.

You know 50 right here. This was a pretty harsh pullback right, so it's a mixed bag. It could go either way i'll be upfront with you um. So the pullback could be something like this.

Where we see you know a high of 13 and some change down to about 10 - it's tough to say, but i think now that they have graduated out of the penny stock realm um, it's less likely that we do see that hardship, a pullback. I think more people are going to be willing to keep their money invested in this stock unless people will be day or swing trading this, which is why i think we saw this pullback right. They just graduated out of penny stock realm they're less than ten dollars. A couple days before that and all of a sudden - oh my god, we're over 10 bucks.

This might not be for real right. Let's pull back, i'm getting out, i'm getting out. The correction stayed above 10, which is a huge indicator to me that this stock is sticking around. So i'm feeling very confident with this company.

I do think they are going to be a 30 plus dollar company at the end of the year, and that is what we're looking at on the one month, one minute chart now, if we come over here to the the one day one minute chart, we do Have current uh support levels sitting here right around 14.78, followed by another level of support, a very strong level of support right here, around 1512 with one two, three, four, five, six, seven different contact points looking very solid, followed by resistance sitting right around 15 and 79 Cents and then again right around here, if you want to include the pre-market at 16.41 and then, as i pointed out on the one-month chart, we do have almost 17 dollars right here as the next level of resistance. So if you are looking to date or swing trade, this i would recommend longing and not shorting, because if you short you're going to be going against the grain of the current trend, which is extremely bullish, we have a huge gap here between the volume adjusted moving Average and the ema so just be very, very cautious, because that is a huge gap and that is bullish as it gets, so i would recommend longing the stock. You know maybe look for an entry point around these two levels of support. 14.

78. 15. 12. If you do see a pullback, if you don't see a pullback, you know watch for the next level of resistance.

If you see us push through that, that'd be a great entry point. However, i do firmly believe in buying as cheap as you can and selling as high as you can right. So, if you do see a pullback, that's the best way to make sure that you're not chasing the stock. As typically when a very harsh pullback comes there's a pretty solid correction, as you can see here, right, there's a harsh pullback, pretty solid correction, harsh pullback, huge correction, so i would long the stock personally, if you are going to short it, you know watch for something Similar to the pattern we saw today, this is a perfect setup for a shorting opportunity.

We touched 17 we're up a huge, huge, huge amount. You know over 30 margin at this point right, um and then you can short the ride down right, but you can see that we pushed through this. This previous level of resistance, as acting level of support, pretty well, came all the way down to 1547 perfect time to exit your trade you're done trading in five minutes. You know that's an opportunity to short the stock personally, like i said, though, do be cautious mitigate your risk.

I would never personally short this stock. I don't like shorting to begin with, because i don't like the idea of infinite loss, but that is an opportunity. If you are looking to do so, i would wait or look for that opportunity and not in the middle of the day as this stock is very hot right now, so just be careful. The overall volume looking very solid.

We are increasing with every given day grant. We did have a very large red bar. You know today, a pretty harsh sell-off. I think that was there's people taking profits.

You know speculation in the terms of you know. I don't know if the stock is going to stay as hot as it is right now. This might just be a hype or a fomo kind of investment, but uh, i'm telling you. I don't think it's a homo homo.

I can't say that that's bad, a fomo or hype sort of investment. I do think they're going to stick around for the long term and i am not selling out of my position as you can see. I am holding very strong, that's not even the beginning of the tip of the iceberg on where these guys are going. Of course, do your own due diligence make your own financial decisions, but i am holding on to fuel cell for 2021 or at least until it hits that 25 to 30 range right.

So that is my update on fuel cell energy. If you have any questions drop them down below in the comment section, i will do my best to get back to you guys it is getting kind of tough. I i understand that there are some of you that i haven't been able to answer, and i do i do uh wish that i could, but unfortunately, there's only so much time in a day and it's just getting tough to keep up with so i'll. Do my best to get back to you guys and uh, you know answer any questions that i can.

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I will see you all next time my friends and peace.