Will the Double Bottom hold or fail? Plot your targets on the chart.
Reversal pattern after a downtrend.
Gradual reversal from bearish to bullish.
A clear signal has emerged for GE Vernova (GEV) on the daily chart. With a last close of $1014.75, volatility remains active (-1.59%). Price action has carved out a classic Double Bottom. The trend indicator is reading 34.0/100, suggesting moderate momentum. A potential breakout level is identified at $1195.94, targeting $1507.6 with support near $1040.11 (R:R 2.0).
What is your outlook on GEV?