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Chartpatternz
Feb 9, 2021 4:02 AM

Bullish on GEVO Long

Gevo, Inc.NASDAQ

Description

In late Dec to early Jan, there was a formation of a symmetrical triangle. After which price shot up.
Today, we can see a similar symmetrical triangle formation where the price has broke out of. We can expect more upside from here based on the previous price movement.
2 entry points: Entering when market opens (higher risk), or wait for a retest against the triangle (lower risk, but might not happen).
Stop loss: ~11, slightly below triangle.
Comments
dzygadlo
Nice catch - I saw the first one develop and bought in ~4

It's a classic pennant pattern.

Chartpatternz
@dzygadlo beautiful catch! :) wish I noticed this earlier hahah. All the best with your trades!
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