GE Buy the Pullback ( Flip the switch) now LONG Long

GE AerospaceNYSE

Description

⋅ Apr 26, 2023 11:39 PM

I previously published the idea of shorting GE. It has now pulled back more than 4%

on the retreacement. The short idea paid well using put options to profit from the

pump of earnings expectations. Earnings were great but the run up was too much for

traders. GE has now retreated and is ready for a long entry. Price is now in the

undervalued range of both the short and intermediate term VWAP bands.

The target is 99.99which is basically the price immediately before the earnings report.

Confirmation is tbe zero lag MACD where the K/D lines crossed under the histogram and are heading

together to cross over the zero line while the histogram flipped from negative to positive.

Call options in the money expiring 5/5 are considered.

Trade active

⋅ Feb 26, 2024 2:09 PM

Volatility surge in the premarket- I expect GE will be actively traded in the regular session

Comments

GratefulGains

⋅ Feb 27, 2024 2:53 AM

Think this thing keeps rising up or is there a possible pull back. This is pretty parabolic

AwesomeAvani

⋅ Feb 27, 2024 3:11 AM

@GratefulGains, You are looking at my old idea from past April now nearly 11 months ago. I have held the entire time. I buy dips when I find them. Agreed is is up about 81% in the past 12 months but 25% on the last three. It could be considered as transitioning from linear to curvilinear about the time the spin-offs occurred. It does not meet any version of the mathematical formula that defines a parabolic. My position in GE is four figures. I do pay attention to it. For reference, my current idea on GE is linked here

I too am grateful for persistent and consistent gains.

ponticorvomia

⋅ Mar 8, 2024 1:03 AM

@AwesomeAvani, hoping to pick your brain. What technical analysis indicator makes you believe GE will rise? Do you know of any stock showing the same indicator now and is waiting for a trip to the moon lol?

AwesomeAvani

⋅ Mar 8, 2024 5:05 AM

@ponticorvomia,

I do not see any moon trips for GE. it is not a meme and hyper-interest type of play. This is a slow grind up and higher type of trade. GE could to 75-100 % on the shares in the upcoming year. The options are a whole different set up. With the ongoing slope upside and little volatility to adversely effect the options chain consistency, I see GE as an excellent optins play. To that effect I have deployed considerable capital into the options and for risk management they are for various strikes expiring at various dates to stratify the risk broadly.