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Pacific Ethanol (PEIX) Look for signs of a bullish reversal
This stock is clearly in a strong up trend. The trade here is simple. Volume is generally greater when the stock is going up versus when the stock is going down. Here's an example: Look at the previous 3 red days. Compare the volume of those 3 days to the volume of the few green days before that. This suggests that the sell off is most likely short-term profit taking.
Look for a reversal pattern/candle to form, and then go long. I would expect it to at least try to retest the previous highs, but it's too early to say. Right now, I am just looking for a reversal signal. A nice spot for a reversal would be at the 20 EMA, just like last time.
- Andre, StockBros Research
Look for a reversal pattern/candle to form, and then go long. I would expect it to at least try to retest the previous highs, but it's too early to say. Right now, I am just looking for a reversal signal. A nice spot for a reversal would be at the 20 EMA, just like last time.
- Andre, StockBros Research
Dagangan aktif
PEIX gained almost 20% today. Full profits or partial profits can be taken, but there is likely more up side and I will be looking to buy this on a potential morning dip tomorrow.Dagangan ditutup secara manual
This is a good spot to close it at $8.75.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.