I have to run out for an appointment so I don’t have time for a detailed post but I just wanted to point out that the PEIX long setup is up big today and has run smack into the downtrend line that will trigger the long entry. Since my last post on March 14th, which can be viewed by clicking here, PEIX made a reverse split. Therefore, the entry price criteria that I stated has changed but the trendlines remain the same. Here’s a quick view of the updated 2-day period chart and I will update this setup/possible long entry asap. This is another very high-risk, high potential gain trade although not a shipper but rather an ethanol stock.
