Ra1nyDayz

Ra1nyDayz

GE and the whole Aerospace and Defense industry have been relatively strong as of late. However we are entering into the Memorial Day weekend and the low volume that comes with it. On May 8th General Electric’s price pushed up to the $170 level, a level with a large amount of options interest. This $170 strike is considered the Call Wall and an area of large...

Ra1nyDayz

To me this looks like a possible Head and Shoulders chart pattern. I am unsure if the dip up at the “head” invalidates this chart pattern and would love to know what you all think? RNDR has been quite bullish lately but going into the weekend we look to be sitting just above the “neckline” of support. If price breaks the neckline, which it currently looks like it...