Breakout
Comment:
Next try to break the current resistance!
Comment:
Now let's look at GEVO. Here too a few days ago I saw a formation that indicated a breakout to the top. The H1 candle on March 9th gave me the first sign that the downtrend should be over. From there we saw a strong push up towards resistance at $ 10.20. From there, a backward bound was in sight and important for the chart. BECAUSE: Old resistance zones (8.47$) are often used again - these then acting as support.
It then continued with a small consolidation and a volatile phase. You should be careful in such a phase. BUY on clear points (SUPPORT) and not between two areas!
In the last few days we have seen a strong push upwards. Against the $ 10.20! There is still a resistance there that needs to be broken. So we are back between two zones. Perhaps the EMA200 is now acting as support. From there we can start running again.
It then continued with a small consolidation and a volatile phase. You should be careful in such a phase. BUY on clear points (SUPPORT) and not between two areas!
In the last few days we have seen a strong push upwards. Against the $ 10.20! There is still a resistance there that needs to be broken. So we are back between two zones. Perhaps the EMA200 is now acting as support. From there we can start running again.
