Sitrade
Long

GE LONG POSITION

NYSE:GE   GENERAL ELECTRIC CO
82 1 0
Entered A LONG position last week

From a technical standpoint I entered as price rebounded from the point at the bottom of the range and at our trend-line.
-Entered after a strong Bullish candlestick
- RSI is at 53 so we still have the potential for plenty of upward movement.
- 100 period MA came close to the 200 and then has now started to move back up suggesting bullish momentum?
- Price did also not cross either of the moving averages .

I will Hold onto this one until we get to the near term resistance at 27.46. May be able to wait for an earnings release on the 18th if price does not get to the first resistance too quickly.

Sitrade
2 years ago
So. Bit of a slow start on this trade with the scares of last week. I did not get stopped out as the chart would suggest and am still confident on this trade going into the earnings announcement.
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