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GEVO Stock Price Prediction | Buy GEVO Now?! ( GEVO Stock Chart Analysis ) EV Stocks $GEVO - YouTube
Channel: Money Dad
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what's up everyone brad here from the money dad聽
channel in this video i want to go over a stock聽聽
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called gevo stock ticker gevo it has been on聽
a tear lately it is at the top of the volume聽聽
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leaderboard charts over at barchart.com you can聽
see today we closed uh what is that top 10 top 15聽聽
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but in general i have been seeing this stock in聽
the top 10 for a long time now so i have had it聽聽
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on my radar and i felt like you know i needed聽
to make a video on it soon because there's a lot聽聽
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of volume on the stock which means there's a lot聽
of attention right so there's big moves going on聽聽
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on this stock so looking at the stock chart聽
and trading view you can see we've had some聽聽
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big run-ups followed by some consolidation phases聽
i talk about this kind of stuff a lot on this聽聽
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channel because this is how we find breakouts聽
this is how we know when a stock is in a bull聽聽
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trend a bull run and how we can expect another聽
big move to the upside we've seen it play out聽聽
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in the trades that we've made on this channel聽
and i think there is another one coming up here聽聽
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let me show you what i mean this is a big move to聽
the upside right here right and we made it on huge聽聽
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volume this is important this is what tells聽
the story we see it move up big move up聽聽
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and then we consolidate right there's this聽
trickling effect trickle down on no volume at聽聽
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all no volume whatsoever and then once it finishes聽
consolidating it starts to trickle back up right聽聽
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and then you get this massive move of volume again聽
all this volume goes into the stock all the buyers聽聽
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buy into the stock there's no buyers left we聽
have another consolidation phase right here right聽聽
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and the volume just dies off well look what's聽
happening right here what's going on with the聽聽
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volume the volume is shooting back up so this聽
suggests we have another shoot up to the upside聽聽
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this right here this big old chunk of volume and聽
then this consolidation phase made a bull pennant聽聽
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let me show you what i'm talking about here we聽
have a flagpole and then we have a pennant flag聽聽
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right that is a bull pennant that is a stock聽
chart pattern that continues a bull trend聽聽
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it's a bull pennant it continues a bull聽
trend right it's a continuation pattern聽聽
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that suggests hey we've been in a bull trend聽
right bull trend going from bottom left top right聽聽
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price action is increasing and a bull pennant is聽
a continuation pattern suggesting that this trend聽聽
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is going to increase it's going to keep going it's聽
going to continue that bull trend okay so a bull聽聽
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pennant continues wow well what was i doing there聽
so a bull pennant suggests continued activity of聽聽
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whatever was happening before which was a bull聽
trend okay so we have that bull pennant we have聽聽
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a new breakout of that bull pennant聽
and we can measure what we think that聽聽
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breakout is going to reach what price it's going聽
to reach uh by measuring out this bull pennant聽聽
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precisely so let's measure out that bull pennant聽
precisely all right let's start at the bottom聽聽
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of the rally which uh let's say is right here i聽
i'll call that the bottom we'll call that the top
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okay so that is our flagpole right there we're聽
gonna say let's squeeze this together a little聽聽
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bit just to make it look more like a flagpole聽
let's uh call this the overhead resistance of the
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pennant let's call this the聽聽
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underneath support of the pennant right聽
so we have our bull pennant flag now right聽聽
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so here's what we do now we have our bull pennant聽
we want to know what the price target is what聽聽
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projection are we getting from this bull pennant聽
well we take the flagpole and we start it where聽聽
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wherever that bull run started right so if we聽
think this bull run starts right here then we're聽聽
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going to take this flagpole and it's moving聽
in different dimensions because i have it on聽聽
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the logarithmic scale by the way right i have聽
it on logarithmic it's not on regular so it's聽聽
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going to adjust to percentages not exact amounts聽
so i have it set to the start of this bull run聽聽
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right and if we think that's where the bull run聽
starts then this is our projection right here聽聽
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and we get a price target of eight dollars聽
and 82 cents okay that is significant because聽聽
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this stock is currently trading at 6.99 at the聽
time of this recording okay so we have almost two聽聽
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dollars of upside on a seven dollar stock that聽
is a lot of money my friends a lot of money two聽聽
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dollars on a seven dollar stock are you kidding me聽
that's like 30 percent upside i'm just spitballing聽聽
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here i don't have a calculator up or anything聽
but two on seven is a lot of money pretty good聽聽
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upside here on gevo from a technical standpoint聽
it looks fantastic so massive upside potential聽聽
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on gevo massive upside potential according聽
to this bull pennant formation okay聽聽
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if we hop over to barchart.com they agree with聽
us the bar chart technical opinion rating is聽聽
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a 100 percent buy and ranks in the top one聽
percent of all short-term signal directions聽聽
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long-term indicators fully support a continuation聽
of the trend the market is in a highly overbought聽聽
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territory beware of a trend reversal okay so this聽
last section right here all it's saying is hey聽聽
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look we have had a serious run up lately聽
we might need to consolidate a little bit聽聽
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right over the short term we have had a massive聽
uptrend we might need to consolidate a little bit聽聽
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before we continue that uptrend that's what聽
those that's what these words right here聽聽
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are saying it's in a highly overbought聽
territory beware of a trend reversal聽聽
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trend reversal does suggest you know they're聽
saying beware of a trend reversal suggesting聽聽
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there could be some downside but in my opinion聽
i think we just need to consolidate a little bit聽聽
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and and down here the rsi doesn't even look聽
super overbuy it's actually right in the middle聽聽
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it's not overbought it's not oversold all over聽
sold at all it's right in the middle so i think聽聽
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this chart looks good i think uh gevo has a lot聽
of upside in it like i said i think we see that聽聽
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uh nine dollar range or just under it and this聽
is a seven dollar stock so we have two dollars of聽聽
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upside on gevo um so we've got a lot of room to聽
run guys uh i this looks really good and i think聽聽
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we have a lot of profits i think there are a lot聽
of profits to be had here so if you are in gevo聽聽
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you uh you probably like what you're hearing right聽
now so drop a like on the video subscribe to the聽聽
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channel if you are not a subscriber yet i do lots聽
of uh stock chart pattern analysis i try to make聽聽
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videos of every pattern that i see that suggests聽
a lot of upside on a stock and sometimes i make聽聽
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videos on patterns where i see some downside聽
risk and i let you guys know hey stay away聽聽
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from this stock but that's what i do here i make聽
i make videos of patterns that i see on stocks聽聽
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and we've done pretty well with these and right聽
now i see some significant upside on gevo okay聽聽
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i hope you guys liked it if you did hit that like聽
button hit the subscribe button if you're not a聽聽
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subscriber yet leave a comment down below i'll see聽
you guys there and in the next video thanks guys
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