Shares of General Electric have come under pressure in the last year due to management's uncertain theme regarding the company's future after GE Capital spin-off. The spin-off aided the company's focus on its core industrial business providing core products and services to fast growing industries. Following higher industrial output numbers and an overall...
EARNINGS GE announces earnings on 10/20 (Friday) before market open. With a background implied volatility in high 20's (28% as of Friday close), it isn't particularly high from a premium selling standpoint, but I could see this as a potential acquisition opportunity via a November 17th 22 short put (paying .32 at the mid), in spite of the fact that the...
General Electric retraced to support around 27-28$ and technically looks ready for a new impulse up. First target - 33$
Buy @29.73 with SL:28.0 and TP:34 or Open H4: Wav2 was approx 78%. Hence wave 3 is in progress. This stock meets technical and fundamental news of the stock and can surge at any time.
GE might be forming a base around the ys1 area of 29. a double/triple bottom might be in place. looking for an upside action to get long.
I'm long the 31 February calls of GE, I do have the positive expectancy that the stock will bounce from the Yearly Pivot of 31 area, and move 35 area. we'll see in the upcoming days if the 31 pivot point will hold and an upside breakout will occur. anybody following this idea, should place stops on the 30-31 area.
After breaking resistance, we test $32.24. If we break that, the next test is $32.90.
General Electric Reaction to Andrew's pitchfork midline and Parallel Channel.
It will be a while. Don't wait up. ^_^ (btw, it's nice to switch chart layouts once in a while. Lines make it easier to see if a ticker's crowded.)
GE has broken above 30 day WMA and WMA is starting to trend up. Lots of room for upside here.
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