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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	10/2/2000 4:27:05 PM
From: TraderMERL	of 100058

TA stock for the day: FCEL FCEL looked like it was forming a double top last week where the second peak was forming on lower volume than the first. The stock failed to break the $70 low of the trough between peaks. It has continued to rally with MACD fast over slow, close to the ceiling which is very bullish. The 13 and 50 EMA continue to diverge Bullishly as well. However the previous trading session shows a spinning top on the top Bollinger which sometimes comes prior to a downward move. The price run up on histogram close to center is another short signal. The RSI, Accum/Dist, and Chaikin Money Flow all showing Bearish Divergences relative to stock price. The stock currently appears to be forming a rising wedge though the time span is a little short (1-3 months the norm) and the Histogram is increasingly close to center suggesting weakness. The stock looks like a good short right here at around $100. Comments appreciated (Note: I am just a learning chartist, not an expert)

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