Gevo has retested its former resistance that had flipped support. With all surrounding clean energy and the chart looking primed. I feel Gevo is a good buy right now.
Not financial advice.
Experienced a strong 45% short squeeze after breaking to the downside within a 70% correction from the January peak. Looking to test the mid 4’s over the next 3 weeks. A strong close above the 200 EMA could signal a reversal.
TICKER CODE: GEVO
Company Name: Gevo, Inc.
Industry: Basic Materials | Specialty Chemicals | USA
Position Proposed: BUY
Technical Analysis
1. Large Inverted Head & Shoulders (Forming)
2. Fibonacci Retracement at 0.786 (Silver Zone)
3. Falling Wedge / Pennant (Forming)
4. 1st Take Profit will be at Fibonacci Expansion Safe Take Profit and Flagpole...
$GEVO Target 11.83 for 30.86%
Or next add level is at 6.25
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first...
DISCLAIMER
This is in no way, shape or form, fluid and function, an analytical, qualitative or intelligent compte rendu. I am obviously not rich, so obviously I haven't made it with my own thinking, so definitely don't put faith in me. But maybe read and learn some things about a company that might just revolutionize the world in a greener way than we thought...
We are coming to the end of a C wave correction before a potential Buy on the Wave 1 resistance of the Minor cycle, the intermediate wave 3 is about to begin leading to a potential 500-1000% drive to the upside.
$GEVO Target 11.83 for 30.86%
Or next add level is at 6.25
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first...
Gevo seems to follow the tech sector closely. A lot of other tech stocks saw this trend recently too.
A very steep downward triangle got broken. Double bottom too. This seems to indicate a bullish pattern.
My first PT would be at 8. Second PT is at 10 where it meets a big resistance, where a triple top was formed.
Stop loss is at 6.3 or 6.4
One thing we lack...
Here is a list of the energy-dense liquids that Gevo makes (check back often because we’re always looking at new and better ways to offset carbon in the atmosphere):
Sustainable aviation fuel replaces petro-based jet fuel, reducing the carbon footprint of air transport.
Renewable isooctane replaces high-octane gasoline for performance cars and...
