Green Energy Enterprises Inc. (GYOG)

[stocktrademan]

Stochastics Bullish Divergence and Buy Signal seen on the 3hr chart currently.

The price lows are starting to pull off the lower bollinger band which is the start of the uptrend, keeping in mind the bullish divergence.

The bands are also squeezing very tight which is signaling that a sharp up-move is pending.

The direction of this move is confirmed by observing that the price is making lower lows while the stochastics are making higher lows.

The stochastics also exited the lower boundary which is also another buy signal as well. This is in addition to the buy signal provided by the bollinger bands price lift off.




MACD Bullish Divergence and Positive Acc/Dist on the 1hr chart

Using the same trendlines, we can observe the 1hr chart continues to show MACD bullish divergence.

Both charts show higher volume on advances and lower volume on retracements.

This means market participants are buying and holding expecting higher returns later.




Bullish Acc/Dist and Hammer Candlestick on the Daily Chart

The daily chart shows the accumulation/distribution indicator has crossed above the trendline in a bullish manner.

It continues to track the price lockstep, so claims of dilution are incorrect and it is not contributing to the price action. The low volume decreases seems to me to be more retail traders and weak hands stopping out. This is a positive improvement for the longs as shares find their way into stronger hands to hold for the next uptrend.

The bottom is also being confirmed by a bullish hammer candlestick.




The current sentiment is a positive reminder that currently this is the point of maximum financial opportunity.