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dzygadlo
Mar 10, 2021 3:38 PM

GEVO - breaking out of its downward channel Long

Gevo, Inc.NASDAQ

Description

Signs point to GEVO having broken out of its downward channel and beginning on a new upward sloping channel.

Test will be if it breaks downward out of the upward channel, resuming the downward path
Comments
rickhubbard10
Thank you for the post, love GEVO but I lose track of it sometimes. I'm looking for a nice move after confirmation of that line it just broke through. Seems to be a nice demand confirmation increasing from the $7.42 move to the current levels. If it breaks back down the line, I'm thinking of looking to see what it does down around the demand level just under $8.00

dzygadlo
@rickhubbard10, Thanks for your comment. I have to tell you I got inspired after watching your weekly review video, and I now feel like a fan talking to a celebrity.

Thanks for doing those, I felt like I learned something and they helped hone my skills. In particular, it made me start to think about the stock movements in channels, which is how I came to the conclusion that it was on a path to break out. I now see channels everywhere! :-)

I'm interested in learning more about how you come up with the supply/demand zones and how you see that affecting the stocks movements.
rickhubbard10
@dzygadlo, Thank you for the support! I'll look to put together a video this week going through my process from looking at a clean chart to identifying supply/demand and trend channels.
dzygadlo
@rickhubbard10, I'm as giddy as a school girl! Looking forward to it.
hikingsnowshoe
@rickhubbard10, Hi, I'm a big fan of GEVO. I tried to follow you and dzygadlo. But whenever I click the follow button, it always say ooops failed. I don't know how to fix it? I actually bought a lot of GEVO averaged at $13.25. Trying to buy more at next dip to average down the price further.
dzygadlo
@hikingsnowshoe, I appreciate the attempted follow - not sure what's up with that.
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