InvestorCowboy

General Electric (GE) Bearish Flags

Long
NYSE:GE   General Electric Company
In this technical analysis , I give you an explanation for GE's price movement. After every major market correction, GE forms a bearish flag . It is my hope that after the pandemic we see another flag. The market corrections are labeled. The percent increase/decrease is measured left to right from the arrows. If you notice in the last two flags, the price hit the top resistance line so I expect this flag to hover around the price of $96. I can't estimate how long the recovery period will take or the percent increase.