fract

General Electric Scheme

NYSE:GE   GENERAL ELECTRIC CO
Demand and supply levels in terms of fibonacci in daily TF based on the most relevant critical points of the chart.
Comment: Breaking above white line is the first bullish signal. To confirm it, the price must not fall below 2.618 fib level.
2020 is the year of recovery from decline, though it can fall further into high demand zone. Which would be the best opportunity for those investors who wants to enter this market.
The best way to trade is partial accumulation with strategic reserve as a part of risk management.
I personally will split up my capital into equal parts and I'll buy partially in different periods to avoid losing out best oversold price for the particular asset.
Comment:

Comments

Thanks for sharing
+2 Reply
@fract can you do the same analysis for Wells Fargo? I think it’s bottomed, would love to see the result of your analysis on it. It’s down 50% YTD
+1 Reply
fract ffeizian
@ffeizian, WF is so obvious that it doesn’t need lines as such
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@fract, it’s still 50% higher than its 2009 lows. Could it drop further? It’d be very helpful to see where the accumulation area is for WF
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fract ffeizian
@ffeizian, I thought I made it visually intuitive, no?
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@fract, I’m talking about the bank Wells Fargo. You haven’t covered that.
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fract ffeizian
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IBKR рекомендована цель 8.19 - 65% вероятность..
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Do you think EV market can pump GE stock?
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whitejade allegorycave
@allegorycave, that's where my head is at. They need to innovate and somehow jump on board.
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