This stocks is interesting because we can observe that we are in the end of the consolidation triangle.
Firstly we will talk about technical analysis and then we will think about the fundamental analysis.
1) There is a nice buy zone here, this strong support can be nice point entry to see more upside.
A bullish bat forms with a bullish confirmation (doble bottom on lower time frames)
The 4th waves of the consolidation triangle were forms, we are looking to see the 5th waves which is logically the break out of the triangle.
First there is an important resistance on precedent lower higher high, this can provide us a nice TP1 and a nice reentry if it breaks up.
2) In the fundamental analysis General electric got a very looooong consolidation now, we are not seeing higher high since 20 years that can be a nice opportunity to long now considering the fact that our global economy is completely based on electricity, this means surely a potential growth in this stocks.
As we can see there is a reason why price just consolidate at this point, we can think about the dividends on actionnary which are not reinvest in the stocks for long times. A change in political economy of the society can be the release of a new golden age on this stocks and other tech stocks (we will analyse them together soon)
Firstly we will talk about technical analysis and then we will think about the fundamental analysis.
1) There is a nice buy zone here, this strong support can be nice point entry to see more upside.
A bullish bat forms with a bullish confirmation (doble bottom on lower time frames)
The 4th waves of the consolidation triangle were forms, we are looking to see the 5th waves which is logically the break out of the triangle.
First there is an important resistance on precedent lower higher high, this can provide us a nice TP1 and a nice reentry if it breaks up.
2) In the fundamental analysis General electric got a very looooong consolidation now, we are not seeing higher high since 20 years that can be a nice opportunity to long now considering the fact that our global economy is completely based on electricity, this means surely a potential growth in this stocks.
As we can see there is a reason why price just consolidate at this point, we can think about the dividends on actionnary which are not reinvest in the stocks for long times. A change in political economy of the society can be the release of a new golden age on this stocks and other tech stocks (we will analyse them together soon)
Comment:
risk reward ration of 14 is just an example it can be so much like x 20, 30, 50 or 100
Comment:
lower high at line 6 sorry
Comment:
be really really carefull about General electric, it can bankruptcy to according to the scandal Madoff.
maybe the financial data is falsified
maybe the financial data is falsified