How Verified Investing’s view on $GEV changed

2026-08-24Bullish
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GEV is a longer-term buy at the 840-850 support zone, but a daily close below 948 would be bearish.

All right, GEV. Now this is a this is more of a longer term play but what's noticed to me is on this trend line now has gotten hit five times. So after these trend lines get uh you know after they act as support only there's only so many more hits that this trend line will give a bounce to the upside and we'll break to the downside.

So right away we have five now hits on this trend line. So and the the hits are getting more frequent. Just today we're bouncing pretty cleanly off it. you know, nice recovery to see for GE Verona, the energy beast.

Um, but what curious to see is what I'm going to be watching end of day is if price can reclaim this 948 level. If we go to the one minute, as we see here, just at the open, price was above this level and now has since faded.

And if we turn on VWAP, price is still staying above this, which is a good sign for GEV. But I'd be curious to see if this 948 level if it gets um if we have a daily close below this level.

Then support-wise I'm looking for this top here at 8.94 um 89493 a horizontal support level and then also the nice swing trend line here from this pivot top of uh July 31st August 1st 2025 going through this price action here. you know, this is a less steep trend line, more long-term.

Um, but if price got down kind of with this pivot top correlating around 840, 850, right in this area, should price flush down from this trend line here, this is where I will be waiting kind of in that zone.

Sorry, that's not the tool that I wanted to do. Let's try that again. Yeah, and this kind of this zone where this pivot consolidation shelf is and then with this rising long-term support trend line, this is where I would scoop some up to go long GEV.