GE was among the worst-performing equities in the S&P 500 index of US stocks but I am still bullish. The big question is why…
It is my views that GE is still one of the most valuable company in the world. The major issue was with GE Capital.
GE Capital is the financial services division of GE.. This division can be fix and I believe they are going to fix it. One of the strategy is to sell off GE capital Portfolio. On November 16, 2018 — TIAA Bank announced the acquisition of a $1.5 billion portfolio of healthcare equipment leases and loans from GE Capital’s Healthcare Equipment Finance (HEF) business.Many more transactions like these will occur..
GE is currently trading at $7.41 after making a low of $6.57 in December 2018. This is just above its 2009 low of $5.85.
If we can hold at $6.25 then I am looking for a retest of the next resistance zone at $12.30 to $18.75
This bullish status is very risky! The major trend is down..
I would like to design a Counter-Trend Strategy for this stock for our Global Proprietary Equity Fund with an allowance of four(4) times the Daily Average True Range( 4 x 0.4210=$1.684) below the March 1, 2009 low of US$5.85. This will give us an Exit Price of $4.16 if our bullish analysis is wrong.
This is a long term trade with four(4) price targets, four(4) entries and four(4) percentage(%) Risk. The entries will depends on price action at the support zones.
Price Target 1: $12.50
Price Target 2: $18.75
Price Target 3: $25.00
Price Target 4: $31.25
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Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy or completeness. The information and content are subject to change without notice.
It is my views that GE is still one of the most valuable company in the world. The major issue was with GE Capital.
GE Capital is the financial services division of GE.. This division can be fix and I believe they are going to fix it. One of the strategy is to sell off GE capital Portfolio. On November 16, 2018 — TIAA Bank announced the acquisition of a $1.5 billion portfolio of healthcare equipment leases and loans from GE Capital’s Healthcare Equipment Finance (HEF) business.Many more transactions like these will occur..
GE is currently trading at $7.41 after making a low of $6.57 in December 2018. This is just above its 2009 low of $5.85.
If we can hold at $6.25 then I am looking for a retest of the next resistance zone at $12.30 to $18.75
This bullish status is very risky! The major trend is down..
I would like to design a Counter-Trend Strategy for this stock for our Global Proprietary Equity Fund with an allowance of four(4) times the Daily Average True Range( 4 x 0.4210=$1.684) below the March 1, 2009 low of US$5.85. This will give us an Exit Price of $4.16 if our bullish analysis is wrong.
This is a long term trade with four(4) price targets, four(4) entries and four(4) percentage(%) Risk. The entries will depends on price action at the support zones.
Price Target 1: $12.50
Price Target 2: $18.75
Price Target 3: $25.00
Price Target 4: $31.25
-----------------------------------------------------------
Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy or completeness. The information and content are subject to change without notice.
