What is up everybody man, what a heck of a day jesus christ, this thing's up almost 22. Today the uh, the clean energy sector has been hot anyways. Welcome to trey's trades, where we get technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these. Given stocks.

I'd like to preface by saying that i am not a financial advisor nor expert, i'm just sure man, i'm doing youtube, so take what i say with a grain of salt. The reason that i started this channel is because a couple years back, i was about thirty 30 000 deep in some pretty bad 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 In the market and i'm happy to say that i am now not only financially free but doing pretty well for myself at the age of 23.. So if i can pass along any of the information resources or tools that were given to me and make the community a little bit better off than it was before, that's all i can ask for. Lastly, if you would not mind dropping like on the video, it really does help support the channel and consider subscribing if you like, to see more content like this, as i do post videos every day, and i do update about fuel cell energy just about every day Or every other day, so quick shout out to the guys over the patreon, we did have a couple new members joined today: uh andrew sarah, david, armando s, ryan omar karthik.

Thank you guys so much for the support. It really does mean a lot to me. These guys will have access to the private discord as well as uh, real-time insight to my personal trading. So with that being said, let's take a quick look at fuel cell energy.

Now we're going to talk about different levels of support and resistance, we're going to analyze the overall volume the rsi indicator. I do have pulled up the 200 period, ema, the exponential moving average, as well as a 20 day, uh vama volume adjusted moving average. We'll talk about what these both mean: uh, we'll look at this from a macroscopic and microscopic point of view and just get an idea of the price action where we're heading from here before we do that. Let's just take a quick look in case you're new to the channel about what fuel cell energy is.

As a company fuel cell develops 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 and they're doing pretty well. These are guys these guys are clean energy company. To sum it up they're a lot like plug or clean energy uh, the the ticker symbol, cln e and this stock absolutely surged today, because plug power recently received a 1.5 billion dollar stake in their stock from a south korean company and consequently, every single play in The market right now that is related to clean energy or electric vehicles has been absolutely killer.

Plug is up a crap ton, uh fuel cells up with craps on clean energy idex. I think neo is up a bunch too uh, it's been absolutely killer, so fuel cell is absolutely reaping. The benefits does have a pretty decent following on stock twits about 86 000 people message volumes to the roof sentiment is up, price is up we're loving life, and i'm glad you guys were in on this play. I know there's some people that are speculative about fuel cell.

I said i don't know what the upside is here. It seems a little bit risky, but i'm telling you guys this. This stock is the future. There was a time in which coal was the main energy and then, when gasoline came into the picture, people were saying: there's no way gas will ever do the trick, because coal is just what it is.

It's the bees knees. Well, look at us now using gas. The same thing's happening right now, guys they're, saying clean energy will never happen. Gas is the bee's knees, got ta guarantee you clean energy is gon na, be a thing whether it takes five ten fifteen twenty thirty years.

It will be the future, so you either got ta hop on board or get left behind, and i don't know about you, but i wan na i wan na hop on hop on board and do some good things so uh, currently looking at current uh support levels At nine dollars and seventy cents right here is a prior level of resistance, ten dollars and twenty cents acting as support here prior level of resistance here, and then these red lines are going to act as support. You know what i'm actually going to delete 970.. I think we've graduated from penny stock realm and i honestly think, we've graduated from 10 20 realm 2. uh.

We will leave up this uh, this 11 40 mark as a level of support, and then 12 15 as well. 1391 is a is a stronger level of support. I could see us falling back to this and having a price correction, but down to 1215 does seem a little bit steep, so we will change this to 1341 as a current level of support on the stock um. If we do have a pullback, i would imagine that we, we fill in this gap right here in this 1348 to 1391 price range.

So if you are looking to get into the stock - and you are not currently in the stock and if you do see a pullback into that that range, i would not uh. I would not wait to hop in there because this stock is hot right now. It is on a pretty solid bullish run and if we do have a pullback, i don't think it's going to be much of one. I think it's going to.

I think it's going to keep moving for a while, and we have a couple reasons why rsi indicator uh. You know we are approaching over bot territory, which is to be expected when you're up 22 for the day. At one point, i think we were up nearly 25 percent when we were over 15 dollars. You know currently sitting at 1486 in the after hours, 1478, 1486 yep um, so overbought.

We may see a correction just looking at the trends here, anytime, you've been overbought. We do approach the 40s uh the 50s. It hasn't been too harsh for the most part, except for this pretty bad pullback, but you will know when there's a well there's a pullback like that that it's going to be oversold right, but right now things are looking pretty solid. Overall volume trend.

We are increasing in volume, which is to be expected, given the news catalyst that we saw at a plug right. So i would not be surprised if we do see that volume stick around into tomorrow and if we do, i've said it before on the channel. But if you're new here volume drives volatility and volatility drives higher price valuations, so if you do see that volume stick around or even increase more than it already has, i would expect to see some more uh, some more buying pressure and more bullish moves. Bullish trends to continue pushing up towards this 1549 and possibly even 16.

Honestly, it would not surprise me whatsoever to see the stock close above 16 tomorrow, just based on the overall buying pressure that we're seeing right now with this stock, that that article is huge, 1.5 billion dollars is absolutely no joke. I mean if we go and look at fuel cell energy, i'm pretty sure their market cap is uh - is not that high current market cap 3.93 billion dollars, so it's pretty decent valuation, but that is uh. That's nearly half of what fuel cell's worth granted that plug. You know they didn't give the money to fuel cell, but it does affect every single, clean energy you play in the market, so just keep that in the back of your mind and then this is a huge indicator to me that uh we are going to continue This bullish run, and that is a crossover between the volume adjusted moving average and the 200 period ema.

So the ema guys is a 200-day uh weighted average valuation price based on you know, with a price action we've seen over 200 days and the va ma, the volume adjusted moving average takes into consideration overall volume trends and uh weighs that out into a 20-day period, Giving you this trend line right here of 11.97 anytime, that there is a contact point, and i know it doesn't quite touch but we're going to consider that a touch point between these two, these two trend lines anytime, there's a contact point between the ema and the V8Ma and the vama comes out on top. That is a very, very bullish indicator, as you can see here, if you've gotten in right, when that happened, guys right when that contact point happened and the reversal flipped, you would be up pretty solid, because we were at 10 and 50 cents at that time, and We did touch 15 bucks today, so that's a 50 margin of return in three days. If you wanted to swing trade, that pretty pretty freaking solid, i mean i'm not planning on swing trading. This i'm gon na ride it out.

I do think it has a potential plug. I think this will be a 30 plus dollar stock. I think plug is currently sitting over 40 dollars. Actually so um yeah, oh god, oh that's, filthy! That's so freaking nuts man, 35 margin jesus anyways.

I do think it has a potential to someday match with plug power, so we're sitting really nice on fuel cell and i do think if you want to see a growth stock. You know this is a little bit riskier than plug, because it is a a smaller cap company. It does have overall, less less value to its shareholders, but the growth potential is higher because at the end of the day, one stock is one stock and you can buy more a fuel cell than you can buy. A plug and you're gon na be able to get a higher margin of return on fuel cell than you are on plug, and i do think both are gon na be very solid companies in the clean energy market, and these guys do seem to have a lot Of potential, so that is the rundown on the macroscopic point of view.

Now, if we do look at the one day one minute chart, we can take a look at some of the price action here. We do have a little bit of a head and shoulders pattern right here. Right. We've got the head right here, two shoulders i'll draw that up just so, you can see it.

You know and mark it down. If you'd like to, we have a shoulder here. Uh shoulder here and then the head right there so head and shoulders pattern is typically a bearish sign. However, we do have a pretty solid push through on a prior level of resistance right here and once we broke above that we saw a pretty major run up.

Uh, currently, i have a couple acting levels of support, i'm looking right about here at 14.50. I, like that as a support line. We do have another pretty solid, acting level of support right here at 14.73 and we are trading above that right now, in the after hours currently sitting at 14.83. I'm liking the price action here, and one thing that i did notice when i was looking at this is: we do seem to have a descending wedge pattern on this stock.

Now, if we draw a trend line across the top peak of this second shoulder right here and then a trend line from the bottom of this big dip, you can see that we're compressing the price action right, the zones getting smaller and smaller and smaller, and typically, When you see that this is an ascending wedge, as it was not a descending, so an ascending wedge, when you see pressure like that, building up the the price zone is getting smaller uh. It's it's! Building! Pressure on on sellers right, you're increasing the amount of buying pressure that should shoot the stock up to new price valuation. And honestly, i would not be surprised if we see some some more growth in the after hours here, because this is a very bullish indicator to me. I do like that uh that overall pattern that we are seeing on the charts.

It does look nice. So, if you're looking to date or swing trade, this personally, i would not go against the momentum here. This is a very bullish chart. It's looking really really nice if you're.

Looking to short, it just be very careful that you uh that you don't get burned on this, but do be watching, for you know 1547 as the all-time high, you could hop in right at 1473 and swing it up to 1547. watch for a breakthrough ride it Up to the next level of resistance, but if you could get in at 1450 or 1435, that looks even better, it's tough to say whether we're going to pull back that much or not. I mean we are up 22. That is pretty massive.

So you know, price correction typically does follow that kind of a run-up, but it's just tough to say if we're done with the run-up or not yet so just keep your eye on that. We are up about 50 in the last three days. So i imagine a price correction is coming. I can't predict if it'll be tomorrow, if it'll be monday but do watch for that.

You know it could be a great opportunity to get into this either as a day or swing trade or to improve your position or to get into the stock to get ready for the next run-up, as i do see this being a 30-plus dollar stock. At the end of 2021, if not higher, i mean if we pull up plug guys and just look at where it was a year ago. Let's just do that real, quick, we'll pull up the chart. Look at this one year ago.

This was a four dollar stock. So uh you're getting the picture here right a year from now. I would not be surprised whatsoever if this is a 30 plus dollar stock and honestly, i'm lowballing guys. I think it's got a lot of potential.

I think it can do even better than that. So um, that's, oh, that is a filthy gap up god dang! Oh, that's so filthy, but uh yeah. I love fuel cell man. If you don't have a position in this stock, i really do highly recommend that you look for an entry point, because i think it's going to do some good things in the future and not only is it going to help your portfolio, but it's honestly just a Good company to be invested in right, they've got good things that they're doing they really are going to help the world, and i have i have a great feeling about fuel cell and - and i just want you guys not to miss out on the opportunity to make Some money and and do some good for the world, so that is what i have for the update on fuel cell energy today.

I hope you guys were really enjoying the green in your portfolio. I know that i was i'm going to be transparent to show you guys that i do have a position in the stock. I am currently sitting in fuel cell with a dollar cost. Average.

11 18. uh 229 shares up about 34. So far, you know 872. 616.

Today, so that was a huge run-up for sure that felt real good to watch but uh. If you do not position the stock, i i would highly recommend that you try and find a solid entry point and ride the wave up. Of course, i'm not a financial advisor so just make your own make your own financial decisions, and i wish you the best of luck. So that's what i have for the video today uh, if you enjoyed it, please drop a like.

It really does help support the channel and consider subscribing if you like, to see more content like this, as i do post updates on fuel cell on a regular basis. And lastly, i have an affiliate link in the description box for tubebuddy. Now tubebuddy is an seo. Optimization website that i personally pay a nine dollar per month, membership for and it is highly what i attribute growing from zero to three thousand subscribers in 22 days to so.

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So that's what i have for the video today. Thank you for watching my friends and i will see you all next time. Peace.