$GEV | BULLISH SETUP 🐂
Grade A
• Profitability: Top 10th Percentile ($13.1B cash, $5.1B Q2 FCF).
• Revenue Growth: Top 10th Percentile (+22% YoY to $11.1B; FY26 guide raised to $45.5B–$46.5B).
• Options Flow: Bullish Sweeps ($207.9K sweep on Oct $1,025c at ask).
• Technical Setup: A- Cleanliness (1W rising channel support retest at $995–$1,020 spot).
• Wall St Target: +25%–35%+ Upside ($1,250–$1,350 targets).
🏢 Profile: Global power generation & grid infrastructure leader.
📊 Volume Streak History & Follow-Through:
• 8 Green Weeks: Triggered initial breakout from ~$300 to ~$600 (+100% run).
• 7 Green Weeks: Pushed price through horizontal resistance to $750+.
• 5 Green Weeks: Accelerated parabolic run to $1,195 ATH.
• Current 6 Green Weeks: Coiling at $995–$1,020 spot on trendline support! 🔎 Options Flow: Oct 9 $1,025c sweep ($207.9K at ask). 🎯 Levels:
• Bulls: Hold $980 & claim $1,025 ➡️ Targets: $1,100 / $1,195+.
• Bears: Break under $940.
#hovdid