nysedaytraders
Long

Considerable buying activity at historic PEIX lows.

NASDAQ:PEIX   PACIFIC ETHANOL INC
195 0 1
Without a doubt PEIX             is likely the most undervalued Energy stock on the market. With increased revenues from the Aventine merger the potential for boosted profits are around the corner. The next 2 quarters will be the company's strongest and will remind investors to the true value of the stock. On a technical analysis front, the stock has broken almost all support levels and is now resting on historic bottoms. This presents an interesting opportunity for a long position or adding to one's existing position.

The risk reward potential of the trade is favourable. A considerable amount of buying activity at the lows of January 20th. The panic sell situation would be too good to pass up to cover short positions and expect the short interest to decrease considerably. The next few weeks should be a slow and gradual rise PEIX             . As the stock breaks thru the 4 resistance lines R1 R2 R3 and R4 the volatility in the stock will increase.

United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library