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General Electric prices might start to go up. Before buying wait that the support will be broken.
Over the weekend, I did a post on "Zero Extrinsic Back Ratios" or "Zebras," (See Post Below), and am resetting a trade I got a smidge too impatient and/or aggressive with in GE to show how this setup works in practice with a minor twist: I'm covering it with an extra short call. Metrics: Max Loss: 1.96/contract Max Profit: 3.00/contract (the width of the 6/7 or...
Hello traders and investors, Baron Rothschild, an 18th-century British nobleman and member of the Rothschild banking family, is credited with saying that "the time to buy is when there's blood in the streets." The question here is who is actually have the mentality and the strength to go against the majority. Why am i saying all these? Ok let's see the GE...
✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- General Electric's chart looked bearish before COVID, and it still looks bad now. GE has some interesting stuff going on, its bouncing off its 29 year low, it put in a bid to re-engine a B-52 fleet. Lots of reasons why things could start...
The Market is still moving in a sideways trend, no a lot of signal of buying/selling from both Technical and Fundamental analysis, so the better option seems to hold.
Still holding June 8P 1/3. watching for a break over this area to close rest of position otherwise hold for the next move down. over 6.60 bullish short term, under 6.20 is back to your regular scheduled program. $DIA
... for a 2.38/contract debit. Metrics: Max Loss: $238/contract Max Profit: $62/contract Return on Capital at Max: 26.05% Break Even: 6.38 versus 6.95 Spot Debit Paid/Spread Width Ratio: 79.3% Notes: Another small, bullish assumption engagement play while I wait for April opex.
Order filled at $4.45 (0.886 fib lvl) Stop loss at $3.50 Target at $8.39 (0.618 fib lvl)
GE Technical analysis: Hold until the right signal for both Ideas: - Short Term - go shirt/sell - Long Term - go long/buy
Looks like possible ABC zigzag pattern for GE, just finishing up Wave B as Wave A was 5 waves, we can expect Wave B not to break the starting point of Wave A. Fib extension has a target of $8.36.
Based on Technical Analysis, we are just waiting the right signal to buy - but HOLD for now Fundamental Analysis would suggest to hold. On Monday, GE announced it will cut 13,000 jobs from the Aviation payroll, amounting to 25% of its workforce. This news has already been discounted by the prices. For the rest of the year, GE expects to reduce operational costs...
General Electric looks ready to catch up with the rest of the market. It continues to be held down and consolidate. I expect quite a comeback from a company that certainly isn't going to vanish. I fully expect this to have a full recovery. 50%+ gains in the short term. Check the chart and let me know what you think! Happy Friday all!