Tradr 2X Long GEV Daily ETF

$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

Week 4 - Rotation into defense

The market has been too vertical lately into an ending five wave pattern across many names and especially sectors into a time factor.

As such, I decided to keep raising cash into strength and this week rotated into defensive names as well as a small participation in a momentum play with a tight stop.

Overall defensive mode.

@Bridge Buzz SG