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Small Cap Energy Player Forming Relative Strength Bull Flag

by | Oct 31, 2024

Fluence Energy (FLNC) shares of the small cap renewable energy name are coiling nicely in a bull flag above key moving averages and closed strong +2.6% in weak tape Thursday right above the monthly POC. A break higher above 22 can see momentum towards 25-26 in the short term as MACD sees a bullish cross and the stock still has size November $20 call buyers in OI. Back in August FLNC saw multiple insiders buying stock near $17/share.

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