$GE Vernova(GEV.US)

This is the follow up of my prior post on GEV.

Price has retreated post GEV’s earnings. However supports are still holding and the bullish pattern still intact.

Refer to my previous post where I posted the chart. Note the ascending triangle/running flat set up highlighted. Also note the HH HL.

This story says bulls are still in control. That blue lower line is where bears will attempt to take over. The bears have barely had a sniff so far but they are trying. Remember the ascending triangle/running flat mentioned above? That is a powerful bullish setup. Qualifies as a continuation as well as a reversal pattern. In this situation, it serves as a continuation pattern.

Supports must hold. Thats where the lower blue trend line is. Break above the ATH and targets are the box the arrow points to.

@Captain's Treasure

The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.