#GE
Looking at GE's chart, we will often see a recurring pattern that the price is unable to break through the 50MA resistance..
For the past few times, every time it fails to break through the 50MA, traders will be taking a short position. And usually it provides a great risk vs reward ratio..
However the key point here is what is floor price of GE (ie. the intrinsic value of GE). Is 13 the lowest for GE?
Anyway as traders, once it has broken through the support, we will just short it
Do follow us at our Telegram channel:
t.me/nimbustrader
Looking at GE's chart, we will often see a recurring pattern that the price is unable to break through the 50MA resistance..
For the past few times, every time it fails to break through the 50MA, traders will be taking a short position. And usually it provides a great risk vs reward ratio..
However the key point here is what is floor price of GE (ie. the intrinsic value of GE). Is 13 the lowest for GE?
Anyway as traders, once it has broken through the support, we will just short it
Do follow us at our Telegram channel:
t.me/nimbustrader