$GE was kicked out of the DJIA, this is a massively bullish contrarian signal. It is very clear we have seen the bottom here. With the new CEO shaking things up already, the only problem in sight is the mountains of debt the company has. Definitely worth a punt, given the huge reward to risk ratio here. You may try a tight stop, with small risk in the trade if brave, playing with out of the money call options, or some other variant of trade to gain long exposure here for the long term and as a swing trade.
Best of luck!
Ivan Labrie.
Best of luck!
Ivan Labrie.
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Off to a good start:
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Nice boost due to the spin off and sale news.
Let's see if it holds up.
Let's see if it holds up.
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HODL...
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I sold my long jul 18 13 strike call options position I had opened here:
Made a nice 325.6% return on it.
Hodling the stocks long term if viable, for now, seems viable.
Weekly decline failure signal here, target for it is 17.48 by September 14th...note how the daily signal captured the EXACT bottom, and the EXACT starting point of the bullish momentum
We will add to longs soon, for now we wait...and hodl!
Hodling the stocks long term if viable, for now, seems viable.
Weekly decline failure signal here, target for it is 17.48 by September 14th...note how the daily signal captured the EXACT bottom, and the EXACT starting point of the bullish momentum