Gevo
Short Term - We look to Buy at 2.96 (stop at 2.70)
A bearish Head and Shoulders is forming. 2.90 continues to hold back the bears. Previous resistance located at 4.08. Trading has been mixed and volatile. We look to buy dips.
Our profit targets will be 3.63 and 3.98
Resistance: 4.08 / 5.24 / 7.88
Support: 2.90 / 1.83 / 1.00
Disclaimer – Saxo Bank...
Gevo has recently not reached a new height, and it has now taken hold, seriously. Gevo appears to be increasing in just a few days-weeks. I am long on Gevo because it represents green key figures and its assets are significant market leaders, as well as Gevo has a unique competitiveness. Good luck, buy something Cardano and Gevo!
Shares of $GEVO broke support along the 50% Fibonacci retracement level of $8.02 on Monday and may be headed down to test $6.26 before bouncing higher.
That level also appears to be the bottom of the regression channel in which the stock is currently trading. Wait for confirmation before entering the trade.
With the S&P500 being less than a percentage point away from it's ATH (as of writing this message), GEVO seems to has left another resistance band. With the recent correction explained by a change in bond prices, GEVO seems to be recovering strongly, testing resistance each time before moving towards it's next resistance band.
