Morning Trend | Genie Energy - B Continues to Increase Volume and Rise, Is a Short-term Main Uptrend Really Coming?
Genie Energy - B (GNE.US) broke through the year's new high with increased volume during yesterday's trading session, and community FOMO sentiment is high, significantly increasing the consistency of bulls. From a technical perspective, a main upward wave pattern with continuous volume on the daily chart has emerged, with the MACD red bars rapidly expanding and all short-term moving averages trending upward. Before the market closed, large orders from the main force ignited expectations for a short-term main upward wave, with various trading groups continuously calling for bullish positions. On the industry fundamentals front, energy prices have been rising recently, coupled with the company's rapid global layout in the natural gas gross profit sector. Popular posts in the community frequently express the view of "possible second acceleration at any time," and many trading seats are active on the leaderboard. Several analysts have pointed out that both volume and price are rising rapidly, and the main force is clearly working together, but the 5-day RSI is approaching the overbought zone, raising concerns about the risk of chasing highs. In terms of capital flow, active funds entered the market densely in the afternoon of the day before yesterday and yesterday, while the short-selling main force chose to passively reduce positions at high levels. The intraday trading was extremely smooth, providing an excellent environment for short-term trading strategies. If large orders to limit the rise and rolling capital inflows appear again today, a new wave of main upward targets may emerge in the short term. However, if the volume does not keep up or if the industry experiences a temporary pullback, it could trigger concentrated profit-taking in the short term. It is recommended to focus on short-term fast-paced operations, monitor unusual intraday data, avoid chasing highs and selling on dips, and pay attention to the synchronization of volume and order book reactions. As long as the main force's cooperation remains intact, GNE's short-term main upward wave could ignite at any time, making it suitable for phase-based FOMO-type speculation
Genie Energy - B (GNE.US) broke through the year's new high with increased volume during yesterday's trading session, and the community's FOMO sentiment is high, with a significant increase in bullish consensus. From a technical perspective, a main upward wave pattern with continuous volume on the daily chart has emerged, and the MACD red bars are rapidly expanding, with all short-term moving averages trending upward. Before the market closed, large orders from the main players ignited expectations for a short-term main upward wave, with various trading groups continuously calling for bullish positions.
In terms of industry fundamentals, energy prices have been rising recently, coupled with the company's rapid global expansion into natural gas gross profit sectors. Popular posts in the community frequently express the view of "potential for a second acceleration at any time," and many trading seats are active on the leaderboard. Several analysts have pointed out that both volume and price are rising rapidly, with clear cooperation among the main players, but the 5-day RSI is approaching the overbought zone, raising concerns about the risk of chasing highs.
In terms of capital flow, active capital entry was very dense in the afternoon of the day before yesterday and yesterday, while the short-selling main players chose to passively reduce positions at high levels. The intraday trading was extremely smooth, providing an excellent environment for short-term trading strategies. If large orders to limit price increases and rolling capital entry occur again today, a new wave of main upward targets may emerge. However, if the volume does not keep up, or if the industry experiences a temporary pullback, it could trigger concentrated profit-taking in the short term.
It is recommended to focus on short-term fast-paced operations, monitor unusual intraday data, avoid chasing highs and selling on dips, and pay attention to the synchronization of volume and order book reactions. As long as the cooperation among the main players remains intact, GNE's short-term main upward wave could ignite at any time, making it suitable for phase-based FOMO-type speculation
