Hello, my name is Brett, and I love technical analysis. Last night, I decided to analyze General Electric ( $GE ). The trend lines are all major, minus the lines that had to be added on the 30 minutes chart. Moving averages were all converging, so honestly, it was visible and apparent that GE was at a pivotal moment.
GE Short. Should have posted this last night before the drop, but I did post it in my FB group! :) I bet you the Ichimoku is interesting, too... GE is dead. It'll keep burning... I have a medium-term Price Target of 23.50 based on long-term Technical Analysis with first support at 26 second 26.33, third at 28.36. First time really giving out a price target but hey... I call plays every day.. might as well see and publicly document for complete transparency ...
In the Facebook group I posted at 3:00 am: lmao. GE.. Oh.. you did as predicted... Some of you might not see many of my Technical Analysis posts anymore if you aren't in the group I'm adminning BUT last night at 3:00 am I said, "I'm bearish on GE. They could perform a miracle tomorrow and move price action up 5%, and it would still continue burning. Moving averages are bearish. The trend is bearish. And the pattern is bearish."
mind you this was posted at 3:00 am, before price action was moving.
Expect a hit on the DOW is GE can't be offset by the outbreak down.
GE Short. Should have posted this last night before the drop, but I did post it in my FB group! :) I bet you the Ichimoku is interesting, too... GE is dead. It'll keep burning... I have a medium-term Price Target of 23.50 based on long-term Technical Analysis with first support at 26 second 26.33, third at 28.36. First time really giving out a price target but hey... I call plays every day.. might as well see and publicly document for complete transparency ...
In the Facebook group I posted at 3:00 am: lmao. GE.. Oh.. you did as predicted... Some of you might not see many of my Technical Analysis posts anymore if you aren't in the group I'm adminning BUT last night at 3:00 am I said, "I'm bearish on GE. They could perform a miracle tomorrow and move price action up 5%, and it would still continue burning. Moving averages are bearish. The trend is bearish. And the pattern is bearish."
mind you this was posted at 3:00 am, before price action was moving.
Expect a hit on the DOW is GE can't be offset by the outbreak down.