Here is exactly what I wrote in the other thread. Now I want you to notice the sentence at the end. When FTEK gets to 40, then its time to sell all your stocks. Look at the price action in the market right now on the SPX as FTEK approaches 40... ************ Check it out. Its technically perfect. This stock makes the most sense to long right now. Start from 2005 6.85X1.618= 11.08 Next top=10.13 10.13x1.618= 16.3 Next top=18.80 18.8X1.618= 30.41 Next top= 29.68 29.68x1.618= 48 You can draw trend channels, use Fibonacci retracement, the golden number, cup/handle thesis, Average Volume (3 month)3: 387,452 Average Volume (10 day)3: 397,389 Shares Outstanding: 22.09M Float: 17.07M % Held by Insiders4: 41.03% % Held by Institutions4: 32.10% Shares Short (as of 12-Mar-07)3: 476.29K Short Ratio (as of 12-Mar-07)3: 1.1 Short % of Float (as of 12-Mar-07)3: 2.80% Shares Short (prior month)3: 460.76K There is only one trick here and I cant tell if the bottom is right now or 6 dollars lower. If you multiply all the notable lows by 1.618, then you get the next lower price target. Here is the analysis: 3.94X1.618= 6.31 Real low=5.1 5.1X1.618=8.25 Real low=7.24 7.24X1.618=11.71 Real low= 10.07 10.07X1.618= 16.29 Real low=???? Notice how the calculated low was actually higher then the actual. So if we calculate a 15% error possibility then the actual low might get to 13.84. The trend channel suggest the bottom is at 14 dollars. I looked at the 50 WEEK moving average. The price has not notably gone below that average since 2004 where it appears to have danced along it. (note, this is the weekly chart I talk about and NOT the daily) During each of the lows, the price stayed around the 50 week moving average. In 2006, the price went 10% below the line. The line right now is set at 19.67. 19.67X.9= 17.7 worst case scenario. As for the Bollinger Bands (again talking on the weekly and not daily chart), the analysis is the following. In 2006, the price seemed to brush right up against the lower band before turning up. In 2005, the price danced around with the 20 WEEK moving average or mid Bollinger Band. The price right now appears to have done a double bottom with the lower band. In analyzing the relationships of the lows, I have found the following 5.1/3.94= 1.2944 7.24/5.1= 1.4196 10.07/7.24= 1.39088 You would think the new low would be put in somewhere around 14 with this relationship. However, I noticed that the bottom trend line changed from 2004 to 2005. The pitch became 33% steeper. So I drew lines along the 50 week moving average which has been a reliable pivot point since 2004. I found that the pitch of the 50 week moving average changed in early 2006. The resulting pitch would put the bottom between 20-22. I studied the RSI and noticed that when it got under 50 on the WEEKLY chart since 2004 then that was the time to buy. My prediction is that this will go to 40 dollars in three months time. **Then it will be time to sell FTEK off along with every other stock in your portfolio** Reason being is that a bearish wedge is forming on the weekly chart and FTEK has reliably predicted every market pullback since 2004. When FTEK reaches its price target, then its time to get out of the market or short it. When FTEK does fall, it falls hard along with the market.
I was going to buy it, but I'm still studying the chart you made. So far, I've identified 42 indicators that are obviously important; I am still looking for the price.
Looks like the pumpdumper id was right, its making a nice pullback today on high volume. I would wait to see where the pivot can be found. I would expect a pullback now to between 33-35, but you never know. I indicated earlier that this will fall fast when it wants to and wont give you warning.
Man, looks tempting at $21. I don't feel like researching it. One of those "green stocks" . Seems in August it really shit the bed in Q2 http://biz.yahoo.com/ap/070806/fuel_tech_out_of_the_gate.html?.v=1 Maybe it's due. I don't freegin know. Play it with a tight stop. Maybe the whore will run again. Tip me off when you know Q3.
i don't like how its been selling off on high volume. lets see if it re tests todays low of 21.65 and holds. the chart is ugly and 20 could come into play. after that its 17.50.
have you guys seen the fundamentals on this on the last earnings report? TERRIBLE. this changes everything.
JMP disagrees! JMP Securities initiates Fuel Tech (FTEK) with a Outperform and sets a $30 target, as they believe increased pollution control will be necessary as US and Chinese utilities expand coal-based generation despite more stringent standards limiting coal pollution and expect the potential size of the total addressable market using FTEK's NOx reduction and optimization technologies could be north of $1.5 bln over the next several years, vs less than $100 mln currently. They are going to make us chase it boys.. should of bought yesterday.