THE PRICES ARE ON THE 200 WEEKLY SMA AND I HAVE LOST THE OPPORTUNITY TO ENTER AT THE LEVEL OF THE SMA.
But if I count the wave seams starting a 3 wave of amajor III. In this case we will see the prices over the top.
Stop loss on 57.
In my opinion the coincidence of the SMA 200 weekly with the 50% of Fibonacci level, as well as the RSI level under 20, is a nice opportunity to enter at the level around 16,00.
I will put my stop loss around 5% than 16,00. The enigma about this correction is if is a 2 or an A wave!
The prices are dancing around the 200 weekly SMA and the level is a Fibonacci retracement of 0,618. I will try a long from this prices with an oscillation of 9-10% for the Stop Loss. If the count is correct we are assisting at the start of wave 5, this means to see the prices over the top of 3.
Gevo, Inc. is a renewable chemicals and advanced biofuels company headquartered in unincorporated Douglas County, Colorado in the Denver-Aurora metropolitan area. The company develops bio-based alternatives to petroleum-based products using a combination of biotechnology and classical chemistry.
On August the prices have passed the 200 daily SMA. After (let me say...
The prices are stopped from the 200 Weekly SMA. From this level is possible a new upgrade of the prices. The key level is rapresented by the 200 SMA (RED). Long from this point with stop under the 200 SMA.
The stock is very thin and dangerous because the volatility. In my opinion we are assisting in a pullback on the 200 daily SMA to recharge the power for a new direction trend.
Long from the level of the 200 SMA (red line) and stop if the prices will lose the 200 daily SMA