fract
Long

General Electric Long Term Bullish

NYSE:GE   GENERAL ELECTRIC CO
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28
The price fluctuates in a strong demand range that initiates the recovery stage of the stock.
Short-term outlook: Accumulation on each drop .
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Comments

Nice
+1 Reply
Good job at predicting GE stock.
+1 Reply
It’s odd that you posted about GE out of all stocks because I bought around 600 shares yesterday morning lol I’m glad you posted this. Thanks for sharing your insights
+1 Reply
fract ffeizian
@ffeizian, We're in the same boat!
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Mattj3309 ffeizian
@ffeizian, That's no money at all. I have 10k shares at $6.75. To the MOON!
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bro you're bringing a chart in from 1997. GE is a shadow of the company in 1997. How does this help at all? you should analyze ATH as of late 2016.
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I think the low was $5.25 correct? Why go down to $4?
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fract Mattj3309
@Mattj3309, There might be a ton of negative fundamentals in the future to drag the price further down. That's why I generalized it to a range of accumulation. It doesn't necessarily mean that it's going to drop to 4, I just considered all possible negative or positive events influencing the stock price movements, the levels of which are justified by long-term support rays. It's vital to think of all nearest possibilities before they become relevant, so you'd know how to behave in that circumstance.
+1 Reply
@fract, Don't you think negative news is baked in? Look at the stock price from April?
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fract Mattj3309
@Mattj3309, Market already reacted to those fundamentals. I’m interested in future of this stock. How do you view the market in terms of a performance this autumn?
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