*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.