antonioac
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All eyes on GEVO this morning....SHORT SQUEEZE CANDIDATE after NFLX
This broke out of a Bullish Pennant chart pattern during Tuesday's trading session on great volume. I think we will see a nice follow through tomorrow. This was a $9 stock less than 9 months ago. With almost 18% ( 5.9 Million shares ) of the float short, this stock is due for a big move higher, in my opinion. Shorts need to buy back stock to profit from their bets which only adds fuel to the FIRE . From a technical standpoint, the RSI is moving up and above its 50% level. The daily MACD continues to trade in the positive zone. The accumulation/distribution line is also turning up which means there is more money flowing into the stock. The next resistance area is around the mid $2.7 range.
Beatiful chart folks...
This broke out of a Bullish Pennant chart pattern during Tuesday's trading session on great volume. I think we will see a nice follow through tomorrow. This was a $9 stock less than 9 months ago. With almost 18% ( 5.9 Million shares ) of the float short, this stock is due for a big move higher, in my opinion. Shorts need to buy back stock to profit from their bets which only adds fuel to the FIRE . From a technical standpoint, the RSI is moving up and above its 50% level. The daily MACD continues to trade in the positive zone. The accumulation/distribution line is also turning up which means there is more money flowing into the stock. The next resistance area is around the mid $2.7 range.
Beatiful chart folks...