If you haven`t bought GE ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of GE General Electric prior to the earnings report this week,
I would consider purchasing the 105usd strike price in the money Calls with
an expiration date of 2023-11-17,
for a premium of approximately $5.20.
If these options prove to be profitable...
General Electric Company - 30d expiry - We look to Buy at 111.71 (stop at 108.71)
The primary trend remains bullish.
There is no clear indication that the upward move is coming to an end.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
20 1day EMA is at 111.54.
We look to buy dips....
Analyzing the options chain and chart patterns of GE General Electric Company prior to the earnings report this week,
I would consider purchasing the 110usd strike price Calls with
an expiration date of 2023-8-18,
for a premium of approximately $3.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
Buy Jun-02-23 $101 Strike Puts @ 1.47 Limit to Open
Candle bounced off the top SR channel, for a down turn to the next zone. Tight strike for quick ITM zone. Expires the following week from entry date.
AMAT is a strong company, clean financials, legacy business entrenchment (moat) and plenty of upside potential. However buying today is not favorable risk-reward, wait a few months to see if 2023 gives another ideal buying opportunity
Sector: Producer Manufacturing
Industry: Industrial Machinery
Applied Materials, Inc. provides manufacturing equipment,...
This old company struggled to reinvent after the banking debacle destroyed its consumer financing division. Older companies CAN reinvent and start a new life.
I'm showing the Weekly Chart first so you can see the support zone below and the strong resistance above, where the stock may head sideways for a time.
Around $67 is the high of a completed short-term...
The American multinational conglomerate is one of the hottest possibilities now.
The chart formed an uptrend channel supported by strong fundamentals. With a P/E ratio of 32.65 (the industry has an average Forward P/E of 14.47), and a PEG ratio of 4.66, the company seems undervalued compared to the sector.
The short–term expectations are for the uptrend to...
General Electric Company - 30d expiry - We look to Sell a break of 82.98 (stop at 86.11)
We are trading at overbought extremes.
The primary trend remains bearish.
Bearish divergence is expected to cap gains.
Posted a Double Bottom formation.
A break of the recent low at 83.20 should result in a further move lower.
Trading has been mixed and volatile.
General Electric Company
Short Term - We look to Buy at 72.25 (stop at 68.61)
Posted a Double Bottom formation. This is positive for sentiment and the uptrend has potential to return. A weaker opening is expected to challenge bullish resolve. Support is located at 70.00 and should stem dips to this area. Dip buying offers good risk/reward.
A possible bull flag from the year 2000 to 202X (unknown until breakout confirmed)
Large volume support at $50-$60/share.
Additional EWT considerations:
Wave 1 up 1969-2000
Wave 2 down 2000-202X
Wave 3 up 202X-?
GE | General Electric | Potential Inverse Head & Shoulders
General Electric is showing the potential for an "Inverse Head & Shoulder Pattern"
The price should bounce above $81 in order to confirm
Thank you and Good Luck!
PS: I know that the economy may face a recession soon so let's say out of this topic😂
A Head and Shoulders pattern can be drawn within the blue ring of fib circle, if you allow a recovery of the current price action
As always the trend is your friend, which can be seen to be bearish, but an upward move is still possible.
Goals 98, 102. Invalidation at 88.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the...
If you are a millennial or older generation, you probably at least faintly remember a time when the industrial conglomerate General Electric was one of the largest and most influential companies in the world. The company was a $400 billion titan before the 2008-2009 financial crisis knocked GE down, and the company has been struggling to get back on its feet ever...
Today we will speak about GE. Why? because it's on a situation that from a technical perspective is BEAUTIFUL.
Let's check those items:
1) Massive range that started in 2019 and was broken on March 2021. Remember that classical chart patterns tell us that when we have a range, we can calculate the minimum target extending the size of it above or below the...