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
Comments
jangseohee
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testing where it broke up the downtrend line
jangseohee
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price as DOJI in downtrend line now turned support
tricky
jangseohee
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either it retest red line as support, consolidate and go higher.
but i hate that gap
IvanLabrie
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Looks solid!
IvanLabrie
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Euphoria?
jangseohee
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jangseohee
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jangseohee
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another scenario
Inverted IHS
jangseohee
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seeking support of the bull flag
jangseohee
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seems like GE is storing power to break OUT the long term red enemy