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Eloquent
Aug 13, 2021 1:17 AM

$Gevo sub-wave 3 setup Long

Gevo, Inc.NASDAQ

Description

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.

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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.
Comments
Buen0Time5
Usually a Sept pump into a RS and share offering.
Buen0Time5
@Buen0Time5 over generalized with usually*
Eloquent
@Buen0Time5, that would align nicely with the pitchfork assignment - let's see what the days ahead will bring

my stop is going to be below this little area of accumulation at 5.28

anything below that and i'll consider it a break of structure \ would invalidate this trade
fantasyste
@Eloquent, it seems to me that it wants to go over 5.5
Mihai_Iacob
Excellent setup,thank you!
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