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
General Electric managed to climb back up from the lows of 2009. We will now see if this support holds - or if there will be a retest at lower levels. If we don`t see a further decline in the general market I favor a continued move higher. At the moment I don`t hold a position in GE.
GE looks like it is consolidating, however the Wave count shows it remains within a bearish trend. The first big leg down from 27.30 to 25.50 has been marked as wave (A) and now looking for wave (C). Wave (w) gives a strong indicator that we should still see another leg lower, offering an excellent sell oppurtunity at 26.21 for the next leg down. Breach of wave...