PEIX , along with the rest of the ethanol sector, has been on a colossal fall as the price of ethanol drops along with crude. Crude still has not found bottom but ethanol is at a level that has been support in the past but with oil slipping on supply it may not hold. PEIX is nearing a potential level of support. First there is the Fib ret. level 0.618. This level happens to coincide with Lazy Bear's version of Tim West's hidden earning support levels. Finally, there is the 3/1 Gann fan blade. This may be a good place to watch for a buy signal on Chris Moody's Gann Swing HL V2 indicator. Also, I have added Chris's ULT MTF indicator to the bottom of the chart. So, the big question is when will we get that buy signal? My guess is when the daily blue crosses the white midline.
Still getting used to it . I like three for early entry but many false signals. This is where having RSI is important. The RSI will tell you when a signal is false early. On the daily, if iRSI crosses the mid line and Gann gives a signal then crosses back, this is a false signal. This is demonstrated not the chart I posted.