jangseohee
Short

Danger of being kicked out of DOW 30 constituents list

NYSE:GE   GENERAL ELECTRIC COMPANY
337 14 3
Ever since GE             hit the all time high of around 60 USD back in Sept 2000 and got sold off subsequently, not able to stage a comeback of any sort..
Fundamentally: GE             has ventured into many non-profitable business which is reflected in the stock price
the stock price has been in a SOLID downtrend channel line
If this channel holds true until its next bottom which is around 10-12 USD...
it faces the potential danger of being replaced by another better performing stock as DOW 30 constituents list
testing where it broke up the downtrend line
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price as DOJI in downtrend line now turned support
tricky
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either it retest red line as support, consolidate and go higher.
but i hate that gap
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Looks solid!
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IvanLabrie PRO IvanLabrie
Euphoria?
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another scenario
Inverted IHS

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seeking support of the bull flag
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seems like GE is storing power to break OUT the long term red enemy
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