AleksandrLombrozo
Long

GNE test its triple bottom

NYSE:GNE   GENIE ENERGY LTD CLASS B STOCK
Genie Energy Ltd             . ( GNE             ) is undergoing bad times since it is involved in oil             and gas exploration and is deeply correlated with oil             prices. However the stock has approached its triple bottom area and seems to be testing this zone for almost eight weeks in a row. Apart from that the company reported second-quarter net income of $3.5 million, after reporting a loss in the same period a year earlier.
This gives us a robust indication GNE             will rise at least to its previous zone of resistance at $8.10.

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