After my tripping my stops, the stock seems to have found its bottom after a healthy pull back. I bought back in at 11 and I'm hoping to see ~19
Let's see how this goes - the Green Energy market has been on a pullback these past several days.
Good luck - and remember - do your own research and let me know what you think.
Bullish Pennant, confirmed
Descending volume during formation
Volume increase at break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
R/R ratio above 8
250RSI below 50
PT = 25.21$
Reward/Risk: 5-7 (R/R>3 is Ideal)
Time frame: 1-4wks
This is just my technical view, not a fundamental comment..!
I can make you confused by a crowded messy chart, but I would rather simple effective presentations..!
GEVO first broke decisively out of it's long term base (with resistence @ 4.90) on 12 Jan this year and never looked back since.
The price has since more than doubled to $12 today. However it is still early days yet as this is another stock with the hallmarks of a multi-bagger (patience!).
It hit a high of 14.50 last week and then consolidated to a low of 9.82 3...
This example is on paper company Gevo inc - manufacturing. Chemical industry. Specialized chemicals.
I will say that I combined the training idea with the trading one , how the stocks will be relevant for trading now, the potential first profit with confirmation of support can be about + 90%.
Everything that happens now, goals, read below under the...
In late Dec to early Jan, there was a formation of a symmetrical triangle. After which price shot up.
Today, we can see a similar symmetrical triangle formation where the price has broke out of. We can expect more upside from here based on the previous price movement.
2 entry points: Entering when market opens (higher risk), or wait for a retest against the...
*DISCLAIMER* This should not be taken as a financial advice and Im not a professional TA:er. This is just my thoughts and how I see it, I would love to hear your thoughts and we might learn from each other! At the end of the day we are all here to make money and learn, take care!