Eloquent

$Gevo sub-wave 3 setup

Long
Eloquent Updated   
NASDAQ:GEVO   Gevo, Inc.
After a phase of re-accumulation, I think Gevo is ready to enter into the mark-up phase.
It has been very algorithmic thus far, so I see no reason for it to break structure
I'd be willing to play this swing up to about $17, wouldn't take it any higher.

--

Sub-wave 3 target = $17
Comment:
area of invalidation is 4.58

could try to get it closer to this number, and put a stop loss right beneath it.

break below, and gevo is finished
Trade active:
picked up some gevo equity here,

will hold for 2 weeks.
Trade closed manually:
dont like this price action, also not holding any longs into next week

next week going to be a blood bath

cash is king.

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.