REGI BACK AT MAJOR SUPPORT LEVELSREGI as looked to find support again at last year's levels before it almost doubled post december. This may take time but if this support levels hold, we could see the price move back up. I will likely add more around these levels.
The 1 hr chart shows a double bottom with the little explosion of today. Im hoping these levels will hold and in a few months time we can test the ATH again.
I will add more in regi at these levels, just waiting for an entry after today's rise. Im hoping to add under more under 63.
This levels acted as a major support for the previous bull run so i am expecting them to act as support levels again this time around. My first PT would be 75.
Biodiesel
REGI UpdateTook a hit on this.
Still holding.
Falling wedge. Hoping for target over 80.
Looks oversold.
67$ looks to be the bottom.
REGI Neutral Possible Entry at 73.40$REGI has had a fantastic run since August of last year, running up almost 400%. REGI however has broken the 50 day SMA line which leads me to see it having more downside in the short term, going down to my price target of 73.40$. From there, REGI has the possibility of either breaking trend and continue down towards the low 50s where there is a lot of support for it or it can continue to maintain its trend and rise up to 120$. I see there to be many bullish catalysts for the stock including a Biden presidency, rising energy prices, and being undervalued compared to other companies in its industry. There are bearish warning signs which must be taken into consideration, a volatile stock/bond market, and REGI breaking the 20 day and 50 day SMA line. This is not financial advice, I am not advocating the buying or selling of REGI stock.
Up from here? $REGIRegi looks ready for another move up if we can close green today.
Pattern of pennants forming.
I think we will see 120 soon.
Update from a previous chart a few weeks back.
