Exit Signal on GE Vernova When Testing the Lower Regression Channel

24 days ago

Chris Guessel

"On the day when GE Vernova undercut near the close, it tested the prior low and then closed below it. That was my cue to get out—this break signaled that the channel wasn’t containing price action anymore."

The speaker recounted his exit strategy on GE Vernova, using regression channel lines as his guide. When GE Vernova broke below its key support (the lower channel line), he exited his position, signaling a loss of the upward trend.

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