GEVO is Bullish?Gevo, Inc.BATS:GEVOBortTAGEVO has had a tough few years, but after bottoming in 2024 we've seen continued strength, with the stock appearing to form a primary wave structure. The stock has developed an ascending triangle, with repeated rejections at resistance and a series of higher lows. This is typically considered a bullish pattern and suggests buyers are gradually gaining control. GEVO recently tested the trendline once again and has so far produced a solid bounce. However, the 50WMA continues to act as resistance and is creating a squeeze between support and resistance. If the stock can reclaim the 50WMA and successfully retest it as support, it could set the stage for a breakout from the triangle and a push toward a new higher high. Should that resistance level be broken, a move toward the $7.42 region would be a potential target for wave 3.