SimplyShowMeTheMoney

$GE earnings analysis

Long
NYSE:GE   General Electric Company
*This is not financial advice, so trade at your own risks*

*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*

*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*

My team has been digging into global tech company $GE for the past few days in anticipation of their upcoming earnings report. $GE continues to be a dominate power in air travel (aerospace engines), precision public health (medical diagnostic equipment), and energy transition (steam and wind turbines). This company is a triple threat and certainly not a force to be reckoned with.

$GE has a great technical set-up right now on the charts as well. If $GE has an earnings beat pre-market expect current resistance at $115-116 to be broken sometime during the day. My team still has yet determined a good take profit on $GE due to a lack of uncertainty in the companies potential. However we believe that $145 is a key zone to look at if an uptrend does emerge.

My team entered $GE on 10/25/21 at $104 per share. This is a long term trade.

Earnings are expected to be announced premarket on 10/26/21.

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Trade closed manually: My team has exited $GE at $98.19 per share today. We suspect unstable market conditions to negatively impact $GE sometime later this week.
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