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H&S forming + horizontal trendline which goes back to 2009 - all signs for me to keep an eye on GE for the next couple of days or even weeks.
Price action at the neckline of the H&S will determine either to stick with the trade or even reverse and go short.
Trade with care!
Prices are moving inside the channel the idea is to go long as they are close to the bottom flat trendline.
Target Price might be 8.00 USD
This stock is highly influenced by the relationship USA / China. Before investing in GE, it is better to watch out the sensitive equilibrium between those two Economic Powers.
Add this to the watchlist.
GE is about to break through support in a well-formed descending triangle.
Once current support is reconfirmed as new resistance, place a Limit Sell Order at $6.45.
Potential for a 14% gain if new support it established at $5.50.
GE made a huge step last week by breking that short term downtrend. Now it is time to consolidate it´s price above 7.00 USD.
If there is not another COVID19 wave around the corner, maybe, we are witnessing the beginning of a strong recovery of this company´s market value.
I 👍 to Move it Move it; I 👍 to Move it Move it; I 👍 to Move it
---> You Move to? 👍 it!
As it looks, General Electric's stock could turn around. Certainly, this is a process that does not happen overnight because of almost 20 years downward movement. But from a long term Investment perspective of 5-10 years, an entry could be exciting.
After catastrophic Q.1 2020...
This is NOT investing or financial advice. It's my opinion but a damn good one. Cheers.
GE isn't going anywhere. It's here to stay so let's just end any of that nonsense.
COVID IS GOING AWAY. A VACCINE WILL COME. PEOPLE WILL FLY!
Anyone watching what $tsla is doing? Insane? Yup!
Electric cars are the future. I mean it only makes sense that we move...
yo yo happy Sunday. I am creating some new tickers so hope they help. GE mirrors BA stock pretty closely. Based on the bounce at the 0 on the Fib I am predicting a full 180. All the way to the 1 line which is at 8.5. After that I am not sure. I have drawn lines of where I think it will stay. If you choose to buy the stock or do some calls then I'd give it a week...
$GE is forming unconfirmed head and shoulders,bottom. watch for $8.56 for a breakout.
12 months Consensus Price Target: $9.30
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