FCEL Trade on Aug 11, 2021 10:18 from blackie_trades: Tradervue User Stock Trades.

On the 9th of August FCEL gained momentum after widespread expectations of government funding in de hydrogen fuel cell sector. On this news the stock went up from approx. $6.31 to $7.19. On the 10th the momentum was there shortly at the opening before fading to $7.31 and closing this day at $7.50.

This is where I saw my opportunity. I noticed the news had fueled out and the after-hours price action remained far below the close of previous day. I was looking to short the stock after confirmation of a downwards break of a consolidation period. I was slow and got an entry to $6.955. As I saw a clean fade I put my risk very tight at $7.01. Unfortuntaly the stop got hit shortly after while the price eventually faded away to $6.88 at the close.

I was right in my thesis, but my execution was just terrible. My initial confirmation was the clean crash at the open, where I could have taken a position already at $7.5. and in the first consolidation period where the range was $7.08-$7.15 I could have taken on more depending on my aggressiveness.

After this the stock would basically keep on dropping without a lot of risk.