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GEVO Stock Price Prediction ( GEVO Analysis Fibonacci ) Best Stocks To Buy Now? $GEVO - YouTube
Channel: Money Dad
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what's up everybody brad here with the money dad聽
channel in this video i want to talk about gevo聽聽
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that's stock ticker g e v o because it had聽
a fantastic day and really the almost entire聽聽
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stock market had a good day i guess maybe聽
if you have your whole portfolio invested聽聽
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in disney you didn't have a good day but really聽
that's like the only ticker on my list almost聽聽
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the only ticker on my list that is red the entire聽
market was up basically you can see the s p 500 uh聽聽
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index right here was up a third of a percent聽
small caps were up over one percent so just聽聽
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a really good day in the stock market and that聽
was even more so the case for gevo which ended聽聽
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the day up 12 and a half percent it was a wild聽
ride on this one it was um up even more than that聽聽
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at one point i mean you can see this candlestick聽
right here is um today so this is where we ended聽聽
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at uh nine dollars and eighty one cents but聽
we got all the way as high as ten dollars and聽聽
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fourteen cents all the way up here at one point聽
so just an incredible day for gevo i know i need聽聽
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to get rid of these ads and i just need to buy uh聽
the premium version of trading view but hey what聽聽
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you know like what are you gonna do you know i聽
don't make a ton of money i could probably afford聽聽
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it it's probably not even that much but uh you聽
know what can i say i put all my money in stocks聽聽
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just kidding i do spend a little bit of money聽
on food for my kids every once in a while聽聽
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okay so we're talking about gevo because not聽
only did it have a great day but there's some聽聽
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interesting things going on on this chart that i聽
wanted to tell you guys about because if something聽聽
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happens a particular thing happens then i聽
think it's going to be extremely bullish for聽聽
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this stock okay so i just had to take a phone聽
call right there in the middle of the video so聽聽
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definitely lost my train of thought but i'm going聽
to try to pick up where i left off basically what聽聽
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i'm getting at is i have fibonacci ratios on the聽
screen here that's all the different colored zones聽聽
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and you can see gevo after pulling back all the聽
way down and hitting this zone it's bounced up聽聽
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and it's kind of in this zone right here聽
right it's finding resistance at this zone聽聽
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it's finding support at this zone level right this聽
is the uh 50 level we can we can pull this all the聽聽
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way back and we see this is the 50 level this is聽
the 38 percent level and i've traced i'm using聽聽
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the all-time low on gevo of 46 cents back in聽
june of 2020 as the beginning of our fibonacci聽聽
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uh retracement tool and i'm using the not all-time聽
high but the recent high in february as as the聽聽
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high for the fibonacci retracement and you can聽
see it's found it's found support recently at that聽聽
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fifty percent retracement level uh which seems to聽
be right around the eight dollar range and it's聽聽
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finding resistance right around that ten dollar聽
range which is the thirty eight percent resistance聽聽
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level so not only uh are we finding resistance聽
here at this fibonacci level it also looks to me聽聽
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like a triple top possible triple top right聽
here right which is a strong resistance聽聽
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so why am i saying that there could be something聽
bullish happening here well basically if we break聽聽
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through this not only are we in the next fibonacci聽
range but we've broken through a triple top which聽聽
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is significant triple tops are strong resistance聽
levels and anytime you have a breakthrough of a聽聽
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resistance level or a support level once you're聽
on the other side of that level if it's strong聽聽
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then it flips from support to resistance or聽
resistance to support whichever direction you're聽聽
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going right so basically what i'm getting at is聽
if we have another big update if we get above this聽聽
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line right here this triple top and this line聽
is below us like we have a candlestick up here聽聽
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this line now becomes support that is extremely聽
bullish because this becomes kind of a floor see聽聽
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how down here this line right here it was kind聽
of a floor for the stock we didn't go below it it聽聽
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acted as really strong support if we can get above聽
this line this line should act as pretty strong聽聽
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support so that's bullish right because that聽
means like we're less likely to go down from there聽聽
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and if you're not going down you only got two聽
other options you're going sideways or up right聽聽
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so it's it's a bullish sign for gevo we need聽
to get above this kind of triple top looking聽聽
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action right here and really to do that we need聽
to get into the 10 probably 10 and 30 cent range聽聽
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somewhere in there so if we can get up to that聽
10 30 range we're currently sitting at 9.81 if聽聽
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we can get up there soon um this stock is going聽
to look really good now i'll probably buy into聽聽
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it as a as a short-term to medium-term trade maybe聽
even a long-term investment i'm not sure yet but聽聽
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you know it's we have to do it quickly uh because聽
if we start to chop around sideways it's going to聽聽
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look like this triple top is and that is actually聽
a triple top it's it's acting as resistance and聽聽
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we're going to bounce back down and we're going to聽
hit our heads up against this and bounce back down聽聽
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so we don't want to be chopping sideways here聽
or going down for for very long we want to bust聽聽
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through this thing so it does so this chart does聽
not look like a triple top because triple tops are聽聽
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extremely strong resistance so that's what i聽
wanted to show you guys on gevo i'm bullish聽聽
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on this stock if we can get through up to that聽
10.30 range that's what i'm gonna be uh probably聽聽
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entering a trade to the to the upside all right聽
if we chop sideways for the next couple of days or聽聽
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we head down then it's not looking good i'm going聽
to be waiting for the next setup okay that's what聽聽
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i got for jivo guys i hope you enjoyed it if you聽
did hit that like button let me know down in the聽聽
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comments below if you like the fibonacci magic聽
stuff uh let me know if you don't i'm looking聽聽
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for feedback here okay guys and if you've got聽
any other stock tickers you want me to pull up聽聽
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some charts on let me know down in the comments聽
below too i'll be happy to pull them up as long as聽聽
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there are some good talking points there聽
right i need to have some chart patterns聽聽
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or some fibonacci levels or something to to聽
talk about right or it just doesn't make sense聽聽
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to make a video on it okay guys that's what聽
i got i will see you in the next video bye聽聽
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okay um the side of fries that you聽
got with my wings is that for me
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