It looks like with the triple top pattern and the squeeze GE is headed for new lows before earnings.
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Interesting article from Benzinga.com about Jim Cramer's (from Mad Money) thoughts on GE says he doesn't expect much from the current restructuring phase until 2021 but long holds could see a payoff (paraphrased from Bezinga.com)
Make up your goddamn minds already. A couple of days ago it was a buy. You guys are not investors. You're just traders trying to make a quick buck with your stupid analysis charts. This is why the stock market is all messed up and people like you guys ruin for people who really want to invest.
Bad_dog
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@pcspence, sorry you feel that way I am by no was a professional trader or investor (just a member of the community) just trying to work on my charting and plot out the few trends that I saw like the bounce before the earnings so I could become more confident in investing and thought I would open it up to everyone else to see if they had any input. Please let us know what you think if you want you are more than welcome to post your charts here. Also if you wouldn't mind sharing that other chart/idea you saw that would be awesome since this was my first GE chart I posted.
Dalides
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@Bad_dog, was it worth replying ? Think unpredictable, but don't go against the trend. I actually don't think your idea is odd, but although it looks like an obvious h&s, I'more inclined for a run to 7.8ish. Keep thinking out loud.
Bad_dog
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@Dalides, Just figured our Constable friend here was having a bad day. I appreciate the advice it I'll take another look at it later