Small volume huge potential1st PT 31.30
2nd PT 32.10
SL 28.70
My entry 29.49
Thin volume lately in an industry that can be volatile (ethanol fuels). 2nd PT is just above 200EMA.
My plan. Take 50% off the position on 1st PT. Another 25% if it reaches 2nd PT. If it goes with strength through 2nd PT I will leave 25% and move my price SL just below 2nd PT.
On 4H chart, there is a base looking like a previous order block.
GPRE trade ideas
GPRE LONG UP 144.91% IN ONE YEARGreen Plains, Inc. engages in the production of fuel-grade ethanol and corn oil; provision of grain handling; and storage commodity marketing and distribution services. It operates through the following segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces ethanol, distillers grain, and corn oil at ethanol plants in Indiana, Iowa, Minnesota, Nebraska, Tennessee, and Texas.
This Stock had Earnings last week and did great, it pulled back the following day but since has been up every day. The Stock today at 1:00 pm EDT is at $38.45 up $1.55 from yesterday. I bought a $37 Call expiring on 8/20/2021 for $1.98. I also traded this stock on Monday for a 44% gain.
GREEN PLAINS (LONG TERM)IMPULSE MOVE
Elliot wave counts, Indication that wave 3 weekly is complete is done.
Earnings on Monday -- At the start of wave 4 (Correction wave), My projection is that it will either be flat or a triangle.
-- Could also be the best time to position a long-term trade based. Because a 5 WAVE (Weekly) Impulse move to the upside has not yet begun
Any inquiries or research you would like to be assistance with, feel free to reach out.
Ospraie Management and GPRE Acquire Majority Stake in Fluid QuipOspraie Management and Green Plains Acquire Majority Stake in Fluid Quip Technologies
The partnership will immediately leverage their combined technologies and relationships to produce and market sustainable ingredients with increasing protein concentration levels and nutritional characteristics for pet food, aquaculture and animal feed markets globally.
The partnership will also help accelerate the installation of Ultra-High Protein technology across Green Plains’ platform, amplify its production capabilities and further expand product offerings to accelerate the growth of Optimal Aquafeed’s precision aquaculture solutions, leveraging previously announced partnerships with Novozymes and Hayashikane
Green Plains will look to deploy a number of Fluid Quip’s advancing technologies in sustainable high proteins, renewable corn oil and Clean Sugar Technology (CSTTM) throughout its platform beginning in 2021.
The partnership will enhance Fluid Quip’s ability to provide premier technologies and engineering services while accelerating technology development and deployment across biofuels and biochemical facilities worldwide.
Ospraie acquired 550,000 warrants for Green Plains stock (each warrant equal to one share of stock) with a strike price of $22 per share.
finance.yahoo.com
$GPRE Green Plains on Breakout Watch
Alternative Fuel Companies are in for a bumper few years if Trump loses out.
This stock is in a major downtrend, but is becoming increasingly bullish now
approaching the 100ma which is resistance for 3 years, A break above the down trend
could result in some huge gains.
Earnings on Aug 3rd , so well worth keeping the stock on your watchlist
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Poor fundamentals but good technical pictureGreen Plain is engaged in the production of ethanol. SimplyWall.st describes it as 'unattractive dividend payer with mediocre balance sheet'. Big debt though high net worth.
Technically price in the strong supply zone (spent there 2009-2011) and seems to have completed correction. I do not know why.. maybe demand for ethanol will skyrocket but the stock looks promising despite lousy fundamentals. Or maybe the company is on somebody's acquisition list.
Because the balance sheet is not perfect I will allocate only 1% of the total portfolio. Next company to look at from this industry is REGI which has a much stronger balance sheet and undervalued.
GPRE - Momentum Long at the break of $18
* Trade Criteria *
Date First Found- January 10, 2018
Pattern/Why- Downward channel breakout
Entry Target Criteria- Break of $18.00
Exit Target Criteria- Momentum
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)