GE Vernova, week 4 between a double bottom and earnings
GE Vernova sheds 3.1% but defends a double bottom in the 914 area
GE Vernova, week 4 between a double bottom and earnings
Our view last week
GE Vernova gave back 1.9% this week, stalling again just under a resistance area that's already been tested multiple times: sellers took a slight edge in the last bar and the distribution phase continues. The Buy signal is in week 3: week 2 closed lower, and discipline points to caution, with earnings two weeks away.
This week's summary
This week GE Vernova shares gave back 3.1%, but the low of the week carved out a clean double bottom in the 914 area, with a 5% intermediate rebound and buyers dominating 87% of the last session's volume. The weekly picture stays bullish — aligned moving averages, price above the Ichimoku cloud — but volume is contracting and earnings land this very week. The buy signal is in its fourth week with the trade at a small loss: technical analysis that calls for discipline, not for chasing.
IQS Phase
49
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#82 / 112
US stocks in progress
Trade P&L %
-4.68%
from signal to today
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