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 days ago before we start to see a few "hints" 2 days ago athat a resumption of the uptrend could be on the horizon, namely:
1. a green Harami candlestick forming on 1st Feb
2. bullish divergence seen between price & RSI
3. a bullish engulfing candlestick today
Long between 11-12 with initial stop loss slightly below it's pivot low of 9.83. Swing traders may consider to scale out along some long term resistences on the way up (eg 18.30, 24.60 ...) while those who are deep in the profits can consider to sit out future short term consolidations (within reasonable limits) and see how far this baby would bring us :)
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
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 days ago before we start to see a few "hints" 2 days ago athat a resumption of the uptrend could be on the horizon, namely:
1. a green Harami candlestick forming on 1st Feb
2. bullish divergence seen between price & RSI
3. a bullish engulfing candlestick today
Long between 11-12 with initial stop loss slightly below it's pivot low of 9.83. Swing traders may consider to scale out along some long term resistences on the way up (eg 18.30, 24.60 ...) while those who are deep in the profits can consider to sit out future short term consolidations (within reasonable limits) and see how far this baby would bring us :)
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.