Despite bad tariff news, volume remains low... consolidation? Or am I just too hopeful? Thoughts?
As far as I can interpret the facts from the chart, I would say that there's a potential support for this Stock. You see the confluence point from a couple of potential support levels like the Fork, the horizontal, the over- and under shoot level etc. If you want more details check out my TradingView blog where I post the step by step analysis, from the clean...
General Electric is having a hard time, but we can not say it's something we have not seen before. Already begins to approach a strong support area and the rebound can be somewhat violent, we definitely have to be vigilant. If it cross that point, there is a historical reference near the $9 area, which I think would be quite aggressive. ** This is totally based...
NYSE:GE Yes, 'there is blood on the streets' you know it, I know it. However, before GE goes down 'hard cold' busted, we can squeeze +100%. Let me share twisted views on the matter. Fundamental View Do you think the government will allow/tolerate GE's bankruptcy? Be serious! Technical View Take Fibonacci Retracement from the highest high, then go to the lowest...
Updated chart of my recent GE chart. Added a long term TL break and currently retesting at 61.8%.
buy ge before it hits top of wedge.
GE is approaching 5 year lows. It is still not time to buy as price is still falling to lower lows. Many people look to buy quick bounces. However, notice the 2008 low for GE on this chart was just below $6. This has great potential for being the biggest Dog of the Dow for 2018. All the best! Seth Gregory
The 'Dogs of the DOW' is a trading strategy that is commonly known and looked for. The best candidate for the 'Dogs of the DOW' for 2018 is GE. It has continued to fall as the DJIA has continued to climb. This is not a strategy to just jump into. Watch the trendline for validation that price is looking to change direction. All the best!
I believe the new CEO John Flannery with pursue with the GE digital initiated by Jeff Immelt. GE is an old and traditional Engineering manufacturer but not driving crazy in the internet era where companies like Google, Facebook, Yahoo, Amazon, etc are taking the most advantage of Internet. In theory, GE wants to become digital because of the larger profit margin...
General Electric retraced to support around 27-28$ and technically looks ready for a new impulse up. First target - 33$
Main Signal - flag Sell 31.00 (flag's bottom line breakout) Stop-loss 31.46 (+1 tic flag's high) Take profit 29.50 (sizing) R\R ratio 1:3
NYSE:GE GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD Safe trades; open.spotify.com
#General #Electric Company (NYSE:GE) - Why $GE Could Double In The Next Two Years bit.ly #GE $GOOG #iot #ioe