1st PT 31.30
2nd PT 32.10
SL 28.70
My entry 29.49
Thin volume lately in an industry that can be volatile (ethanol fuels). 2nd PT is just above 200EMA.
My plan. Take 50% off the position on 1st PT. Another 25% if it reaches 2nd PT. If it goes with strength through 2nd PT I will leave 25% and move my price SL just below 2nd PT.
On 4H chart, there is a base...
$GPRE broke out of a 3 month base early November and now pulling back to test that level. Its making the turn back up setting the stage for a first natural reaction pullback buy setup.
Green Plains, Inc. engages in the production of fuel-grade ethanol and corn oil; provision of grain handling; and storage commodity marketing and distribution services. It operates through the following segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces ethanol, distillers...
IMPULSE MOVE
Elliot wave counts, Indication that wave 3 weekly is complete is done.
Earnings on Monday -- At the start of wave 4 (Correction wave), My projection is that it will either be flat or a triangle.
-- Could also be the best time to position a long-term trade based. Because a 5 WAVE (Weekly) Impulse move to the upside...
Loving this stock for 2 reasons. Great Fundamentals and Actual Growth potential.
Looking to buy after this structural break on the daily. Looking at a very strong uptrend, that is validated by this next break of structure.
Anticipating a bearish move in the short-term . Considering GPRE's recent run I believe it'll pullback to the $19s before it picks up momentum again.
Entry: $24.90
Target: $19.80
*I'm definitely LONG on this one for the long haul.
114% gain in under two months
Pull back of 14%
Sideways movement over 13 days
Declining volume during pullback
Huge institutional volume over past 3 sessions
Making a turn off the 20 day SMA support level
GPRE bull pennant consolidation from a pole of $8 move
Huge bullish buying volume after recent stock and note offering
Breakout confirmed at close tomorrow above trendline with bullish volume
Potential move to $32.60
Ospraie Management and Green Plains Acquire Majority Stake in Fluid Quip Technologies
The partnership will immediately leverage their combined technologies and relationships to produce and market sustainable ingredients with increasing protein concentration levels and nutritional characteristics for pet food, aquaculture and animal feed markets globally.
The...
Nice consolidation with $17.50 area acting as pattern resistance. A daily close above that level will confirm the pattern and trigger a long swing trade entry.
