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Greenlane Renewables Inc T.GRN

Alternate Symbol(s):  GRNWF

Greenlane Renewables Inc. is a Canada-based company, which provides biogas upgrading systems. Its systems produce clean, renewable natural gas from organic-waste sources including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as commercial vehicle fuel. The biogas upgrading systems, marketed and sold by the Company under the Greenlane Renewables brand, remove impurities and separate carbon dioxide from bio methane in the raw biogas created from the anaerobic decomposition of organic waste at landfills, wastewater treatment plants, farms, food waste streams, and other feedstock sources. It is engaged in deploying the three main upgrading technologies: water wash, pressure swing adsorption, and membrane separation, plus proprietary biogas desulfurization technology. It has delivered over 145 biogas upgrading systems into 19 countries and over 160 biogas desulfurization units.


TSX:GRN - Post by User

Bullboard Posts
Post by mulinekon Jan 25, 2020 8:14am
232 Views
Post# 30597961

Reading Charts

Reading ChartsNice price action past 2 weeks and lots of enthusiasm  Are we over extended here or still have a room to run up the price ? Let’s look at the charts
Daily Chart

User image

The Good:  Very nice Up-trending Channel. We are trending above 5/9 days EMAs . Stochastics moving higher and momentum (TSI) is growing
The Bad: Well, nothing really. Except some warning signs. CCI is curling lower indicating some weakness is coming. In last 7 business days CCI was moving lower with price still going higher. This is negative Divergence that could be temporary and create some buying opportunities or it could be start of something like retracement. Remember, stock quadrupled  since end of October. Short term support on EMAs – 0.56/0.52 and Kama at 0.49.
Pay attention to Kama and TSI. Price moving bellow Kama with Loosing momentum should be a Sell Signal for everyone who likes making money and is NOT a believer.
Happy Trading

Bullboard Posts