Technical analysis update: WTI oil (2nd September 2021)USOIL continues to trade just slightly below its short term resistance at 69.60 USD per barrel. In terms of technicals RSI is flattening but still bullish. MACD and Stochastic are also bullish. However, ADX is low which suggests no trend or very weak trend. We remain bullish on WTI oil. We expect WTI oil to surpass its short term resistance and restart its previous bullish trend. Our short term price target remains 70 USD. Our medium term price target is 77.50 USD and long term price target 80 USD.
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
FUEL
Technical analysis update: USOIL (18th August 2021)USOIL continues its struggle to move up. Current important level to watch is 65 USD. If this level fails to hold then more downside is probable. RSI is flattening out. MACD and Stochastic remain bearish. Despite that we still remain optimistic on higher price of WTI oil in the future. Our short term price target remains 70 USD, medium price target 77.50 USD and long term price target 80 USD.
Prior developements from 12th August 2021:
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
After H&S and a try to go downtrend, #MCPHY hit the uptrend lineAfter a quick consolidation $MCPHY is wanting to restart an uptrend.
FuelCell FCEL - I know you telling me - Stop Playing not FCELFuelCell FCEL - I know you telling me - Stop Playing not FCEL - YES FCEL - we are entering the Fib Buy zone. We need to what if it can give us a good reversal pattern or candlestick. The 15 minute chart Moving Averages are still bearish (servicing as moving trend lines) but could reverse soon? It would be nice to buy at $10 and ride to $15ish for a 50% play. Then, see if price breaks the MA to continue to $30ish for a 200% play. Or the play could be to wait until price breaks $15ish to enter for the potential 100% play to $30. Otherwise, if price goes below $10, the reversal gains will be exponential? Patience is key. Not Financial Advice.
Environmentally friendly Jet Fuel ! The stoch is showing an overbought signal however the MACD is showing a crossover potentially a bull run.
Breaking out of this red channel was easy to do.
This is a great Company and all the new contracts it has acquired with airlines has clearly shown that the world is starting to combat climate change!
New product Environmentally safe jet fuel. GEVO stands out from the rest of the competition.
i will be holding this for about a year. Furthermore will not add any other funds until it corrects back into the bottom red channel
I have placed the Fib at the end to see the price in action.
Follow me for technical analysis!
All of this is only opinion and my own personal journal.
None of this is financial advice !
& if you dont plan on holding long term. Dont bother putting your money in this market.
Sasol- New Chart Work with some changes... Update 1 Hey everyone...
We end the week with Sasol hitting R72 and R122 in one week and as of writing is at R105, We have seen a jump from R91 to R112 in less than an hour.
What a long a interesting week for the markets and Sasol...
I have just posted a revision of my one chart,
I will explain it through updates during the week. I just wanted to end the week of with as much foresight on Sasol as possible.
Please share and ask questions...
As mentioned above Detailed Explanation of the Analysis will follow, please like and share if possible and would really appreciate a follow and a comment and I promise to get back to you.
Kind Regards
Rudi Roelofse
Gevo - Are alternative fuel stocks still hot?Gevo's ( GEVO ) been trending for a while now thanks to a spark from SPIand other alternative energy stocks. It's also gotten a decent amount of new coverage and mentions on Dow Jones. But it's still a penny stock so we can't forget volatility is key. It will be interesting to see if GEVO can remain in this uptrend without putting out any new updates.
"Aside from being one of the epicenter penny stocks, it’s also been considered one of the “ESG stocks” to watch. ESG stands for “Environmental, Social, and Governance.” The basic idea behind it is in support of companies that leave a positive impact on those specific areas of interest. How Gevo falls into the category has everything to do with its business model...While GEVO stock has been incredibly volatile, the overall trend has been strongly upward. Since September 24th, shares have climbed from around $0.80 to a close on Friday of $1.22. With a continued focus on reopening and alternative energy, will this 1-2 punch spark a continuation in GEVO’s chart this week?"
Original Quote: Looking For The Best Epicenter Penny Stocks To Buy? 3 Names To Know
Time to FUEL up and get this party startedKeeping this simple.
Bullish Signals:
MACD Bullish Divergence
Bullish Ascending Triangle Pattern on multiple timeframes
RSI Ascending (making higher lows)
MACD Almost Above Equilibrium
Support has been found at 33 satoshis
Huge volume appeared recently testing the bear pressure.
Targets this month.
1) 49
2) 58
3) 67
4) 79
5) 95