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
