GEVO trade ideas
Same setup, Same ResultBoth AMDA and GEVO were both in a symmetrical triangle wedge that broke out after decreasing volume from the initial large pop in volume upwards. Chart Created 8/3/16.
Might fall off the cliffRSI about to break trend, fisher about to have a bearish cross, and on balance volume starting to turn down. Careful here
A cup within Larger cup & handle forming on dailyInverse Head & shoulders to cup, the handle will form later
Future Targets based of Super Trends Buy/Sell SignalsThis wk targets .67 low/ $.76 mid/ $0.87-.90 High
confirm 1hr buy signal off of S1 pivotCountdown begins , next is to take out last confirm sell signal .58 on volume
1hr View close to breaking out of last triangle. continue accumlbreakthrough of 2 descending triangles, 1 remains left. testing last sell signal
Daily view of massive breakout awaiting Follow Green support through (black dotted line for profits).
GEVO Movement predictionsMade a few small gains plays of buying in at .59/.58 and selling at .62/.63 then repeating as Gevo was moving in a predictable support and resistance patern. granted these gains were very small in retrospect but a winning trade is a winning trade. Watch for Gevo to continue sideways up and down movement until further news. most likely not going to get much profit but as I said. a winning trade is a winning trade. looking for similar pattern next week.
GEVOby looks of it ,it will come back too the 1.50 handle this is a 4hr time frame,testing the lows and a dojo at the 1.60 area so it will head back that area
