GE Vernova, Inc. - A Leading Electric Power IndustryGE Vernova, Inc. is a company making waves in the electric power industry. Here's a brief overview:
* Founded on November 09, 2021
* Headquartered in Cambridge, Massachusetts
* Segments:
1. **Power**: Designs, manufactures, and services gas, nuclear, hydro, and steam technologies for dispatchable, flexible, stable, and reliable power.
2. **Wind**: Develops onshore and offshore wind turbines and blades.
3. **Electrification**: Offers grid solutions, power conversion, electrification software, and solar and storage solutions for electricity transmission, distribution, conversion, storage, and orchestration.
Their mission is to generate, transfer, orchestrate, convert, and store electricity, making them a key player in the electric power industry.
GEV trade ideas
1/28/2025 GEV longHello traders,
I noticed a bullish signal on GEV, as well as across energy and chip stocks today. Yesterday’s market breakdown, caused by DeepSeek, led to panic selling and significantly impacted these sectors. However, the diversified AI model will likely expand the overall market opportunity, meaning energy companies aren’t necessarily facing decreased revenue.
The chart also shows a very bullish signal. The stock bounced off the 21-week moving average and formed a large wick on the daily chart, indicating that the sell-off may be over. I’m planning to sell when the gap is filled, with a target price of $417.
Good luck, everyone. May the trend be with you.
AP
GEV Strong In A Weak Tape And Setting Up A Pullback BuyI drew a couple lines to show what I'd like to see over the next couple trading sessions. Not only would that be a pullback to the top of a long base but it would be a pullback to the 20sma. As it turns up from there could be a good opportunity for a low risk pullback buy entry.
The market might keep me from pulling the trigger, but if I decide to go in I won't put much capital at risk.
326 is a very solid area of support on the sidewayIf you look closely at the sideway movement, it has already begun, even though the indicators have started to sell off. It could pose the question of whether a retracement of around 1.5% may be warranted or if a full correction occurs at this time where the second foundation of support stands.
consolidation breakout on the horizon all indicators pointingThe flow of sideway in a channel movement has been the bull trend analysis; in a nutshell, this has happened in the past few months, and it is looking to do it again with everything curling up and looking to race toward the top again after a brief breather. It could see a 10% or more move, especially if it passes the 350 area.