Is at recent high breakout $1.64 with strong volume, strong support behind at $1.50,don't have time for chart will try later.
Mike
clearing 1.63 is key here.
Taking out resistance, volume flowing in
Aussie,
I bought this share yesterday at 1.71. I think,it'll move up after a small retreat.
Do you have a stop loss for it? Also, any comments on the stock behavior?
Dhiraj
Strong support at 1.5 present. Another one at 1.4.
MCEL closed with a nice hammer candle with a perfect retest of the 9ema. Selling pressure still there but buyers are closing the stock nicely. Hammer is a bullish indicator, it will need follow through to confirm and take on the $1.78 recent spike an dclose above it to then set up a new support area around $1.75. I have a stop trailing the 9ema.
Mike
Finally breakout 1,80 USD.
Need more volume to confirm this situation.
There is already a thread on MCEL in stock picking forum. Please post your views there.
Thanks,
Quote from: dhiraj19 on June 20, 2005, 11:58:06 AM
There is already a thread on MCEL in stock picking forum. Please post your views there.
Thanks,
Thanks dhiraj19 ;)
I've just merged both topics.
LuxAA, I'me recommending all our members to search for the ticker on our «Search» Feature, in order to post their messages on the right spot (The right board, and the right Topic).
This is the «Stock Picking» Board, so members should only start a new topic if they are recommending a stock, questions about stocks should be made on «Stock Talking» or inside topics already started about that stock.
best regards ;)
Close @ 1,85 USD with volume (2,5 million shares traded).
Suport - 1,75 USD (old resistance)
i bought some MCEL.
i like the company and their recent deals.
any thoughts?
insider buying !
http://finance.yahoo.com/q/it?s=MCEL
Might be worth it to keep an eye on MCEL today ;)
It seems to be a busy little stock this morning.
I haven't been able to find any news on it.
Anybody else?
...and just as I finished writing that, here comes the news:
Search symbol: Search by company name:
Symbol Last Trade Change % Time (ET) Open Prev. Close Day's Range Volume
MCEL 2.20 0.49 28.65% 8:50 AM 1.68 1.71 1.65 - 2.37 336,159
Millennium Cell Selected to Receive Funding to Advance Volume Manufacturing of Portable Fuel Cartridges
07/25/2005 08:15
Millennium Cell Inc. (NASDAQ: MCEL), a leading developer of hydrogen battery technology, announced today that its proposal to develop a process that will enable volume manufacturing of fuel cartridges based on Millennium Cell's proprietary hydrogen storage technology has been selected by the National Center for Manufacturing Sciences ("NCMS") for contract award under a cross-industry collaborative partnership between NCMS and the U.S. Department of Energy. This program targets the development of manufacturing technologies for affordable hydrogen-powered energy systems including fuel cell components and hydrogen storage systems.
Millennium Cell will lead a team which includes The Dow Chemical Company ("Dow"), EWI and NextEnergy, to develop critical manufacturing technology that will reduce the overall process and product costs of hydrogen storage technology for near-term implementation in portable power applications. NCMS funding towards the 15 month effort should begin in the third quarter.
Adam P. Briggs, President of Millennium Cell, commented, "We are delighted to be selected by NCMS for this program and look forward to working with an outstanding team to develop low cost manufacturing technology as we transition our hydrogen battery fuel cartridges from prototypes to commercially viable products."
The NCMS award will accelerate Millennium Cell's joint development program with Dow to collaborate on the development and commercialization of portable fuel cell systems.
About Millennium Cell
Millennium Cell develops hydrogen battery technology through a patented chemical process that safely stores and delivers hydrogen energy to power portable devices. The borohydride-based technology can be scaled to fit any application requiring high energy density for a long run time in a compact space. The Company is working with market partners to meet demand for its patented process in four areas: military, medical, industrial and consumer electronics. For more information, visit www.millenniumcell.com.
About The Dow Chemical Company
Dow is a leader in science and technology, providing innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of $40 billion, Dow serves customers in 175 countries and a wide range of markets that are vital to human progress: food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow and its 43,000 employees seek to balance economic, environmental and social responsibilities. For further information, visit Dow's web site at www.dow.com.
About EWI
Based in Columbus, Ohio, EWI is North America's largest engineering and technology organization dedicated to welding and materials joining. EWI's staff provides materials joining assistance, contract research, consulting services and training to over 3,300 member company locations representing world-class leaders in the aerospace, automotive, defense, energy, heavy manufacturing, medical and electronics industries. For more information, please visit www.ewi.org.
About NextEnergy Center
NextEnergy is a non-profit corporation founded to advance business and community development by promoting technologies that strengthen the nation's energy security and Michigan's economy. The state-of-the-art NextEnergy Center and related energy infrastructure supports research, development, education, and outreach through collaboration among automotive, military, and energy company interests. For more information, visit www.nextenergy.org.
About NCMS
The National Center for Manufacturing Sciences (NCMS) is the largest cross-industry collaborative research and development consortium in North America, and is the only consortial effort in the U.S. devoted exclusively to manufacturing technologies, processes and practices. NCMS has nearly 20 years of experience in the formation and management of complex, multi-partner collaborative R&D programs, and is backed by corporate members representing virtually every manufacturing sector. For more information, visit http://www.ncms.org or http://hydrogen.ncms.org.
My theory is that if SIRI can run to $9 on the promise of Howard Stern, MCEL can run to $29 on the promise of hydrogen powered cars...
Likewise, if GOOGLE can run to hundreds on bullguano, MCEL can make us all rich. Beyond candlesticks and momentum there's occasionally a "scientific advancement" play that dovetails with the mass market. ALT FUELS and STEM CELLS to me are the best sectors for one's IRA money with a time horizon of at least 10 years. That said, there's short term profit to be made with MCEL in 2005...I wouldn't be surprised to see $5 by year-end. More news like this and it will become more expensive than SIRI shares.
mcel enjoying the energy boom.
mcel has partnerships with some big players. maybe one will buy them out.
mcel has been conserving cash to survive for a while now.
i listened to their conference call and really like them.
they appear to me to have unique technology.
maybe they will raise some more money.
i bought at $1.70 or so and sold for a small loss.
i should have waited.
i liked the company. just didn't like seeing the price go down.
bust a move 8)
MCEL popped up yesterday based on the new energy bill in the US.
Facts:
Millennium Cell, Inc. develops hydrogen energy systems for use in portable electronic devices for military, medical, industrial, and consumer electronics markets. Its systems use Hydrogen on Demand technology to generate hydrogen through the use of sodium borohydride. The company has a collaboration agreement with The Dow Chemical Company for the development and commercialization of portable fuel cell systems for use in consumer electronics and military applications. Millennium Cell was formed in 1998 and is based in Eatontown, New Jersey.
MCEL gains past $2.00 resistance is likely to ease back into a test of (new) support. A weekly close over $2.50 will be significant for the longer term picture which could bring a future price target of $4.00 into range. For now I will keep closest resistance as the price target. The point-n-figure target shows a price objective of $0.75 which will only be negated by a move to $3.50. (fallond quotation)
Chart:
comments are appreciated, will there be Greenspans impact for todays stock price?
The chart looks very attractive la-onda, this looks like a good pick, I'll dig some more and, who knows if this won't go into the 3 Stocks on Fire Portfolio today? ;)
I bought MCEL today at 1.92 a half hour before the market close. 1.90 seemed to be support and I was waiting to see if it broke below 1.90, but it never did.
Following the tall white candle pattern with a volume spike, I generally buy two or three days later in the middle level of the long white candle with volume tapering down. It's a bullish chart pattern. I think they call it the "bullish mat hold." I like the chart of MCEL and it has a big potential future to go along with its chart. I'm wondering, could it go to 15 again? Juding from the chart, I feel confident to hold through 5 at least and keep accumulating on the dips.
David, could you please comment some time on MCEL? Thanks.
updated chart:
MCEL is moving nicely this morning.
Do you have a target price in mind for this stock and is it short, medium or long term?
So many questions, i know ;D
Very nice pic!
julia
just on fire:
Congrats! :)
Is this one going to follow in the footsteps of CPST and BCON?
on fire again (unfortunately not with me) :'(
I was also in and out of MCEL when it was ripping a few weeks ago and have kept tabs on it since.
Is now heading towards support at 2.00, (is 2.05 after-hours) on low volume. Could we see a bounce off this level tomorrow or the next day? It also looks like it has had a tendency to bounce off the 50 day SMA during its uptrend. This is sitting at 1.90 right now, and could act as a reasonable stop.
Anyone else still following MCEL? what about other AE plays? MCEL hasn't quite had the chance to properly break like the rest of them, perhaps it could be its turn... :)
MCEL came down to touch the ascending trendline at 1.95 yesterday, which met a longer term horizontal support level here also. It closed at 1.97 just above the 50 day SMA, which stood at 1.92. In the intraday, after a morning of continually losing gound, it seemed to find some support during the afternoon at around 1.96-1.97.
It has been following a sharply descending resistance line that is rapidly converging with my ascending trendline, giving MCEL little rooom to manouver before determining which is stronger. While all AE stocks have been week the last week or so, but I see the sector as still being bullish, and expect MCEL to break to the upside.
So to put my money where my mouth is on my first piece of proper TA on this site (am still learning 8)) I bought in at 1.96, just before close yesterday. I won't tolerate much downside on this trade, as I think it needs to decide where it wants to go, so if it closes below 1.90, I will take the loss. My short term target is recent high closes at 2.55, but the technical target for the break would be around $3.
As I said, this is my first piece of TA here, so any comments from more experinced members would be much appreciated. After all, thats what having such a great community like 3SOF is about ;D
Okay, so no comments from anyone, and I'm guessing no-one else is following this little puppy.:-\
Well, MCEL didn't quite act as I hoped, and dropped below the 50 day SMA, but seemed to find some support at 1.87, and has made a small rebound from this level yesterday. However, I have been moving from Scotland to Southern California over the weekend, so missed this, coming back to see yesterdays upward bounce. With this in mind, a slight re-draw of the support line may fit this recent movement better.
Today we doji'd right on the steep resistance line, and while volume has not been building, I expect that we shouldbreak this resistance in an upside move tomorrow. Whether it is significant, we shall just have to see.
Looking at the 1 year chart (bottom) there is a long term ascending trendline that should provide strong support just below where we are currently running, and that stands at around 1.80 right now. While I expect a move to the upside, this will now provide my stop loss on this play.
Again, any comments are much appreciated :)
And ther she goes :o
On fire!! Damn I wish I had the confidence to stick with my trading plans more - I sold out last week!!
Still some potential upside on this one, though there is resistance at $2.25 which it looks like it has topped out at. Let's see where it goes :)
It sure is looking good!
I do follow MCEL, but I don't know any more than you about charts, so that's why I haven't commented.
Did you buy in again?
I myself is a little low on alternative energy stock right now... wish I had kept both MCEL, ENER and ESLR! :(
Cheers!
Yep, kicked myself and bought back in at $2.15. Also Bought into DESC on today's dip at $7.79 - after breaking $7.50 resistance yesterday, I think it has room to run.
However not a pretty day all in all - at the moment, all i can see is red! Hope things turn arround this afternoon ;)
Happy trading cumulina
Monday , September 26, 2005 16:19 ET
According to new short interest data from NASDAQ, short interest for Millennium Cell, Inc. (NasdaqSC: MCEL) INCREASED 0.7% to 1,606,789 shares for the month ended mid-September, 2005.
SYMBOL AUGUST SEPTEMBER CHANGE %CHANGE DAYS/COVER
-------- ------------- ------------- ------------- ------------ ----------
MCEL 1,595,708 1,606,789 +11,081 +0.69% 1
Based on MCEL's 20-day average daily share volume of 2,552,015, it would require approximately 1 day(s) of buying to cover this short interest.
updated chart:
Should never ran after a stock.
But I did.
It's a sin.
Anyway I'm in.
2.5k shares @1.92
Crossing my fingers!
(//)
(//)
Today's conference revelead some things to look forward to:
2007 objectives: achieve DOW milestone 2 (expected july 2007)
Volume proceeds price.
Quote from: stock-kitty on October 11, 2007, 02:52:37 AM
Volume proceeds price.
Give me a chart to look at ... ;) ;D
I see, a Double Bottom (Reversal) Pattern @ $0.60
Applaud, stock-kitty for the alert.... ;)
Double Bottom (Reversal)
The double bottom is a major reversal pattern that forms after an extended downtrend. As its name implies, the pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in-between.
Although there can be variations, the classic double bottom usually marks an intermediate or long-term change in trend. Many potential double bottoms can form along the way down, but until key resistance is broken, a reversal cannot be confirmed.
It is important to remember that the double bottom is an intermediate to long-term reversal pattern that will not form in a few days. Even though formation in a few weeks is possible, it is preferable to have at least 4 weeks between lows. Bottoms usually take longer than tops to form and patience can often be a virtue. Give the pattern time to develop and look for the proper clues. The advance off of the first trough should be 10-20%. The second trough should form a low within 3% of the previous low and volume on the ensuing advance should increase. Volume indicators such as Chaikin Money Flow, OBV and Accumulation/Distribution can be used to look for signs of buying pressure. Just as with the double top, it is paramount to wait for the resistance breakout. The formation is not complete until the previous reaction high is taken out.
A wild one in the after hours.......
MILLENNIUM CELL IN(NasdaqCM: MCEL)
After Hours: 0.14 +0.1101 (+368.23%) as of 5:09PM ET on 05/09/08
CEASES OPERATIONS; DISCUSSES REVERSE MERGER: Millennium Cell Inc. (MCEL) announced
that its Board of Directors has terminated the employment of all executive officers
and employees of the Company effective as of the close of business on Friday, May 9, and
has ceased operations. The Company has advised its employees of a possible recall offer for
employment if immediate cash funding in an amount sufficient to restart operations becomes
available. The Executive Committee of the Board of Directors and certain members of senior
management who are serving on a voluntary basis are engaged in discussions with a corporation
that has expressed interest in entering into a reverse merger transaction with the Company,
which would provide short term liquidity to the Company pending completion. That transaction
will require, among other things, that the Company's common stock remain listed on the NASDAQ
and that the Company restructure its existing convertible debentures in a principal amount
of approximately $4.1 million after recent conversions. The Company is scheduled to present a
plan of compliance to NASDAQ at a hearing on June 12, 2008.
Somebody knows something :o
http://finance.yahoo.com/q/ta?s=MCEL&t=6m&l=on&z=m&q=l&p=&a=&c=