FuelCell Energy (FCEL) — Potential Rebound Toward $24.50 (+47%)FuelCell Energy, Inc.BATS:FCELdarksignalFuelCell Energy has been consolidating after a strong move higher earlier this year. After reaching the $38 area, the stock entered a broad correction and has been trading in a range between roughly $16 and $24. The price is currently testing the important $16–17 support zone. This area has been defended several times in the recent structure, making it an important level for the current setup. If buyers manage to hold the $16–17 area and push the price back above $19.5–20, this would be an important confirmation that the rebound is gaining strength. Above this level, the first major resistance is around $22–23. A successful break above this zone could open the way toward the $24.5 area. The main target is around $24.50, based on the measured move shown on the chart. From the current price, this represents a potential upside of roughly 47%. The bullish scenario would remain valid as long as FCEL holds the $16–17 support zone. A clear break below $16 would weaken the current structure, while a move below the recent strong low would invalidate the rebound scenario. For now, the key levels are $16–17 as support, $19.5–20 as the confirmation zone, $22–23 as intermediate resistance, and $24.50 as the main upside target. This is a potential rebound setup rather than a confirmed long-term trend reversal. The next important signal will be whether buyers can defend the $16–17 support and reclaim the $19.5–20 resistance area. Disclaimer: This analysis is for educational and informational purposes only and does not constitute financial or investment advice. Trading and investing involve risk. Always do your own research before making any investment decision.