KCTrader7

GEVO - TIME FOR WAVE 3?

NASDAQ:GEVO   Gevo, Inc
DISCLAIMER
THIS IS NOT AN INVESTMENT ADVICE, TRADE AT YOUR OWN RISK & OPPORTUNITY !!!

After two days of retracing it finally forms a doji / hammer and its RSI also went down a little. Could this be the end of the retracement? It is advisable to monitor for few more days for confirmation. For two days it has reached a certain day low but tends to rebound back after touching the MA10. Overall short term is still in uptrend as long it doesn't break below the support level as it'll be quite risky. MA200 is still positive though so we shall see how it goes with as MA20 just crossed MA50.

R: 10.18
S: 7.56

NOTE
I do not give target price as you should exercise your due diligence and TP whenever you're comfortable with your profits. I am not responsible for any profit or loss you've made and this chart shall purely act as a reference or guide to you to trade.

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Comment: *Update*
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If today's closing is good, it could mean a possible wave 3 is incoming after finishing its wave 2 retracement. Current RSI is also in a healthy level. To play safe you may wait for today's closing to decide. However the wave 3 could not be confirmed so please TAYOR.

*Note*
This chart is just a reference for you, please execute your trades wisely. 8.80 is also another intermediate resistance.