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GEVO BREAKOUT ?!

TizTraderの投稿

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Breakout

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Next try to break the current resistance!

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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.