What is up, everybody welcome to trades 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 like the preface by saying that i'm not a financial advisor nor expert, i'm just Some random do on youtube, 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 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 really hard and invest my money, and I am now happy to say that i am not only 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 that were given to me and make the community a little better off than it was before, that's all i got 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.

Now, today, we're going to be giving an update on ticker symbol, fcel fuel cell energy, but i just want to give a quick shout out to the guys over the patreon that joined today, valentino joy, edmore, raphshawn albert flackoeski. Thank you guys so much for uh for supporting the channel. I really do appreciate it. They do have access to the private discord as well as real-time updates to my investing.

So if you'd like to join, there is a link to it. The description box down below we're going to be giving a quick look at fuel cell. I do have a couple different indicators pulled up. We have the volume weighted moving average, which is this green line.

The volume weighted moving average does take into consideration the overall volume going into a stock and creates a valuation average trend line based on both the volume action and the overall volume. Then we do have the ema, the exponential moving average, and this is an indicator that is a overall average trend of valuation, just based on price action over a given period of time. We do have the rsi pulled up, we're going to take a look at that. We're going to take a look at the overall average volume that we've been seeing on the stock, and then i do have the one day one minute chart pulled up as well.

Just so you can have a macroscopic and microscopic view of fuel cells. So if you're new to the channel fuel cell energy is a clean energy, alternative, uh, similar to plug power or clean energy stock uh, it is going to be the future guys. I remember there was a time. Well, i don't remember, i don't know why.

I would say that i'm only 23 years old, but there was a time when coal was the primary source of energy, and i guarantee you at the time everyone was saying man there's no way that gas is gon na, be the next energy, because coal is just What works? It's what's always been, there's no way, it'll change! Well, guess what it changed. People started using gas people started using oil. Well, the same thing is happening now. People always said: there's no way we're going to use clean energy there's no way.

This will work because gas is just what it is. This is how it's always been. This is what it's going to be. Well guess what it's going to change right biden coming into office.

He said he said publicly. These are the things we're going to do. These are the things we're going to change. We're going to have x amount of charging stations in the us we're going to want x amount of electric cars on the roads by this date.

Right this is going to happen. Fuel cell is going to benefit from this greatly and i do see them having a great 2021, so we do have a couple levels of support and resistance set. We do have nine dollars and seventy cents, and i don't think we're going to touch this. I do think we're at a penny stock realm now so um.

This is just a fallback by the very off chance that it does happen and then 1020 as a secondary level of support, and then we're gon na have to change this to a level of support. But it is a green line. Just keep in mind. This is support.

1149 was a previous level and which is now going to act as support for the stock, as we are trading at 12 and 60 cents and man what a great day for fuel cell. If you guys have this in your portfolio, you got to be sitting pretty happy right now. We are up 9.8 percent on the day and at one given time. I remember that we were up like 14 or 15, so this is doing very well.

I know that my portfolio is very happy about it uh. This is actually, i think, the saving grace on this really crazy ride of a day. You know i do have 229 shares at a dollar cost average of 11 18.. I was up 251 bucks on the day 256 dollars total up 10 total and the market took a pretty good, beat down with uh the capitol hill stuff going on.

So my thoughts go out to those guys um. Whoever was involved. If you have any friends or family out there, my thoughts are with you, my friends, so that is uh. That is what we're looking like on the price action today very solid green day, uh we're looking like a pretty solid bullish run here.

We did trade completely above the ema, the exponential moving average. So it's a good, very bullish, sign that we were trading above that and we are also just barely below the uh. The volume weighted moving average so we're in between these two price zones and that's not necessarily a bad thing. What this indicates is that the volume was up right, so this does take into consideration the overall volume and we are trending a little bit higher today, which is why we saw the increased volatility and because of that, the volume weighted moving average hugs closer to the Overall price action that is happening so this is this - is a better tool for you know, potential day traders or swing traders that are looking at.

You know really near side levels of support or resistance, and we are currently actually, i think we just pushed above it, but we were down below the volume weighted moving average for a little while there so keep those. In the back of your mind, we do have the rsi pulled up approaching over bot territory. Anything over 70 is overbought. Anything under 30 is oversold and we are currently sitting at 62, so very heavy uh buying action.

Today there was a lot of buying pressure behind the stock, which is to be expected. When you see a 9 increase, it is possible that tomorrow we do see a little bit of price correction, not guaranteed, i'm not a wizard. I can't predict the future, unfortunately, but i do like this bump in volume. This is something to note: it's not a very large bump in volume, but if you see here, this is uh pretty similar to what we were seeing.

You know yesterday in price action right. This uh this number right here on december 16th. We were looking at you know: 2.8 million shares traded in a 60-minute window and then the next day we saw a little bump right - 2.3 million 3.4 million. But we see the same thing happening today: 1.9 million shares 2.3 3.6.

Today the norm was much higher 8.1 8.2 uh 15.5 right. This could be an indicator that buyers are starting to step back in and put some pressure put some buying pressure on investors to push this stock to higher price valuations. I said before i'll say it again: volume drives volatility and volatility drives higher price valuations on stocks. So we're looking to keep this volume to keep the volatility high, so we can keep pushing up and approaching this 1391 for the day we did go over 13 today, which is pretty huge.

I was very happy to see that there was actually not really a wall at all at 13, which is atypical. You usually do see a little bit of a resistance at each exact dollar sign and we did push through that very strongly. So a lot of heavy buying pressure and honestly, i don't think i think if the the capital hill situation did not happen, we probably wouldn't have seen the sell-off. We did see this across the market.

There was a pretty hard sell-off across all stocks once the news released on that. So it's very unfortunate. You know, i might it's way more important that people are safe than the market does well, but it did affect the market today right. So that is something to keep in the back of your mind when you see this, this price rejection, this pretty harsh sell-off so overall, this is this stock did very well considering how the market did as a whole.

Today, i'm very happy with that with fuel cell. In that regard, now, let's take a look at the one day. One minute chart here. We do have uh a pretty solid support line set at 11.82 cents.

We've got one two three different contact points. It actually has a prior level of resistance in the pre-market, and then we do have 1265, which was a previous level of resistance, pretty tough level resistance. Actually, it took a while to push through that with four different contact points now, acting as a level of support. So we'll be looking to see if that holds up in the pre-market and after hours after hours today, the pre-market tomorrow for the next trading day, uh.

If we do see you know some pullback from this level, we do have 12 19.. If we're looking today or swing trade, this, you know an entry around here or here and then a ride back up to a previous level of support, which would then act as a level of resistance is an option. You have each number just watch for the price action see. If you see you know a bounce uh down, you know, price rejection touches up like you can see here, touches up, comes back down, that'd be that'd, be an opportunity for you to probably sell out.

Just take profits make sure that you're secure in the bag, as you can't predict, if we're going to come back up and push through right, you want to make sure you're not getting stuck holding the bag. So that's an option there with uh with a day or swing trade. Personally i am taking this on as a mid to long term investment. I am going to be holding this until at least 20 dollars, probably 25, probably 30..

I do think fuel cell is going to be on par with plug power someday and if we do pull up plug power right now, you can see that they are trading uh over 30 they're trading at 35 and they also had a great day in the market. Considering you know the climate of the states at this given time, so i would not be surprised whatsoever if we see you know uh fuel cell on par and honestly, they have very similar price action. It's it's kind of scary. Let's pull that red cup again, yeah they're doing the exact same thing, so that should just be a huge indicator to you guys of the potential of fuel cell right.

They can do some awesome things and they're mirroring almost to a t. What is happening with plug? It's pretty beautiful, actually, let's just pull a plug and have a side-by-side chart, and i'm going to change this to the one month right here. Look at this look at the similarities. Fuel cell can be on par with plug energy guys they can do some of these same things that you're seeing plug.

Do. I do think it's possible. We see over 30 dollars and trends in the market mean something they're, not coincidences, they're trends for a reason and look at the volume difference right, they're seeing 8 million as a high. These guys are seeing 20 million they've seen 40 million.

Look at that. Look at that the potential for volatility and growth - that is absolutely huge, and i do think that fuel cell has a great future ahead of it and i'm very excited to be a part of this stock. Honestly, i'm happy to be invested in this company, not just because i think they have great growth but they're going to do good things for the world, and you know if you've done your due diligence on this stock. You already know that fuel cell is going to be a game changer, not just for the states, but for the for the world right.

This is a movement that is going to benefit a lot of people and i'm very happy and proud to be invested in this company. So that is what i have for the update on fuel cell energy today, if you guys have any questions uh, let me know in the comment section i will try my best to get back to everybody. I will admit it is getting a little bit difficult. I did not anticipate the growth of this channel.

We are currently sitting at just under 2.7 000 subscribers growing about 500 a day. It's absolutely insane, i'm so thankful for you guys. I've said it before i'll say it again. We couldn't do what we do here at trades trades by myself right.

We do this as a community and as a crew. You guys give me all these stocks and all these things to look at and i get a million different perspectives. Well, not a million two point: seven thousand two point: seven thousand different perspectives right i get an idea of stocks that i would have never been able to keep up with. I can't keep up with the whole market, guys i'm just one guy, but together we can do so much more than one person can do alone.

So it's absolutely incredible what we're doing here and i'm so grateful to have you all here. So thank you for watching the video. If you enjoyed it, please drop a like. It really does help support the channel.

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Peace.