I'm short for the short term, long for the long term!
From looking at the weekly for GEVO, I think it has another week to go before completing its correction... why?
* In reviewing other green energy (GE) stocks they all corrected below the 20 SMA in the weekly charts, this has yet to do that
* Also with other GE stocks, they corrected back closer to the .768 level, and we're just below .618
* This looks to have support ~4/share, and that would be a likely place for it to find support.
I'll be watching for signs of a rebound. If it holds to my assumptions, then I think in the initial bounce we'll see ~13 before it does it's next retracement.
From looking at the weekly for GEVO, I think it has another week to go before completing its correction... why?
* In reviewing other green energy (GE) stocks they all corrected below the 20 SMA in the weekly charts, this has yet to do that
* Also with other GE stocks, they corrected back closer to the .768 level, and we're just below .618
* This looks to have support ~4/share, and that would be a likely place for it to find support.
I'll be watching for signs of a rebound. If it holds to my assumptions, then I think in the initial bounce we'll see ~13 before it does it's next retracement.
Trade active
I bought in at 7.62 after it broke above the resistance line.
I'm not a financial advisor and I'm not offering investment advice. Please consult with your own financial advisor prior to making investment decisions!
Good luck and I'm always happy to hear from you.
Good luck and I'm always happy to hear from you.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I'm not a financial advisor and I'm not offering investment advice. Please consult with your own financial advisor prior to making investment decisions!
Good luck and I'm always happy to hear from you.
Good luck and I'm always happy to hear from you.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.