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AwesomeAvani
Feb 26, 2024 3:42 AM

GE has a solid ongoing trend higher LONG Long

GE AerospaceNYSE

Description

GE on a 240 minute chart shows an anchored VWAP and volume profile both anchored back into

October and a price action breakout beginning after the November earnings report and

sustained through the early February earnings report. Both reports showed significant beats

on earnings as well as good beats on revenue. I see GE as a solid long term long swing trade

into at least the next earnings in about ten weeks. Another approach aside investing is

a long term call option more than one year out to capture the tax advantage of the long- term

capital gains tax rate. I will zoom into a 30 minute time frame and go long with the best

entry of a pivot low.

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Trade plan on 15 minute time frame

Comment

GE on volume profile breakout in the premarket expect buying volume after the
open,

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The volatility surge in the premarket is active compared with Friday. Expect more volume and volatility at the open.

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Comment

A smll correction is noted. I added to the position with another call option expiring in Jnauary 2025. A TV subscriber who likes and follows queried as to technical indicators for the GE uptrend. Linked here is a chart complete with textbox comments. Hopefully, it satisfies the query.

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