Green Plains going sour. GPPImmediate targets 14.37,13.92 and then 13.33. Invalidation at 17.71
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
GPP
GPP : Buy setup above break of $13.6Green Plains Partners
Green Plains Partners LP provides ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. The company was founded on March 2, 2015 and is headquartered in Omaha, NE
Some fundamental characteristics:
1. Sales of $ 82 Mil
2. market cap of 311.19 Mil
3. P/B : 0.52
4. P/E : 5.24
5. P/Forward Earnings : 4.23
Stock looks good on multiple timeframes. Stock Is trading above its 20D MA, and 200DMA on Daily, weekly and monthly TFs. Price has just moved over its 200 period moving average on Weekly charts (bullish). price set up for bullish moves, if it takes out 13.58 and closes above with other confirmations, look for a target of $15.3 on the charts.
Price to Earnings at 6.2 I still love GPP Green Plains PartnersIn a crazy world of investing in stocks with PE around 1000, or even nonexistent dividends, I certainly love me a good ole gas transportation company with PE in single digits. I know, I know, green new deal yada yada. Well Keystone XL pipeline permit pulled could possibly mean more business for GPP. They have been recovering consistently since the covid crash, and recently issued convertible notes redeemable in the future between $23 and $30 signals confidence. In the worst case I'm looking for this to remain steadily boring with one of the best PE available.
I bought the IPO and have been receiving dividends every quarter since. I feel all alone on this beautiful mountain.
