Very Bullish technical back-test of the long term
trendline, which is now support.
Potential reversal trade opportunity back to the
previous targets.
200ma is now the main target if crossed could set
up a major rally.
Alternative Fuel Companies are in for a bumper few years if Trump loses out.
This stock is in a major downtrend, but is becoming increasingly bullish now
approaching the 100ma which is resistance for 3 years, A break above the down trend
could result in some huge gains.
Earnings on Aug 3rd , so well worth keeping the stock on your watchlist
PLEASE GIVE US A...
Green Plain is engaged in the production of ethanol. SimplyWall.st describes it as 'unattractive dividend payer with mediocre balance sheet'. Big debt though high net worth.
Technically price in the strong supply zone (spent there 2009-2011) and seems to have completed correction. I do not know why.. maybe demand for ethanol will skyrocket but the stock looks...
* Trade Criteria *
Date First Found- January 10, 2018
Pattern/Why- Downward channel breakout
Entry Target Criteria- Break of $18.00
Exit Target Criteria- Momentum
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
After a completed 8 Wave cycle I think we are seeing GPRE come into support ending Wave 2. Watch for the start of Wave 3 soon. I am looking to get long here with first initial price target near $23.
Why does this stock look bullish?
1) It is undervalued, should be around $23.00
2) Price action is at double bottom area
3) Last three trading days, have made a Bullish Pinbar reversal pattern
4) CFO/ John W. Neppel, bought 30,000 shares on 11/6/17.
5) Major support on chart is $17.00 per share
6) Price action is under MEAN/middle of pitchfork indicator on...
GPRE seems forming a Long term double tap Head & shoulder formation. It also has a lot of insider selling. Aggressive trades may want to enter into Short trade now, but we would like to wait a bit for perfect entry.
* Trade Criteria *
Date first found-March 16, 2017
Pattern/Why- Long term double tap Head & shoulder
Entry Target Criteria- Break of $24 or...
Double bottom. The bottoms are separated by about 2 weeks. I got in this exactly on the second turn, so up over 16% in two weeks — not too bad.
Strategy:
If it gets to the "Handle Zone" (see chart) and a turns right back up against the resistance line, I will buy more. I think that that would signifiy a breakout with nice gap at way up there at 32.37. If so,...
Another possible long position. Watch above 40.67 with target price 44.15-45 area with stop loss at 88.6% at 38.30 area. If you like it follow us more to come.
Green Plains Renewable Energy (GPRE) is North America's fourth largest ethanol producer, operating six ethanol plants in Indiana, Iowa, Nebraska and Tennessee. GPRE shows a Breakout signal back on July 24. and is now re-testing that breakout level. If that test is successful look for another move higher.
An important concept to keep in mind is that support and...
