GE stock has underperform for the past few years however, it has revisited major support rage that it has established in 2010-2011(~104-114 USD) according to VPFR. If it succeed taking out this major price range, it is very likely to reach the 0.5(148.80 USD) and 0.618(173.57 USD) Fibonacci price target in few years or months.
In virtually any field of athletics it is advised that you should cross-train in order to both avoid injury and increase performance . For example, Football players are encouraged to take up pilates, yoga, and swimming. Runners can reduce injury and increase performance by incorporating Rollerblading, Barre, and Zumba into their routines.
So what should...
I am feeling a breakout. Currently long.
btw if anyone actually finds my charts. I am basing my trades on HTF levels, trend (logic) and gut feeling that comes from looking at 1000s of charts the past few years.
This is the type of short that helps a portfolio stay balanced, in order not to have only longs and be exposed to the overall market trend (SPY, DOW, QQQ) some shorts in the portfolio help resilience and reduce variance.
GE is a Large Cap and so the potential of a huge increase in price and a considerable loss in the short position is reduced.
General Electric's $1.45 billion cash acquisition of advanced surgical imaging company BK Medical announced last week would have been something out of the ordinary for GE a decade ago. These days, however, it's much more important. This deal is CEO Larry Culp's biggest acquisition, a leader noted for his ability to acquire businesses, and it should give...
In this technical analysis, I give you an explanation for GE's price movement. After every major market correction, GE forms a bearish flag. It is my hope that after the pandemic we see another flag. The market corrections are labeled. The percent increase/decrease is measured left to right from the arrows. If you notice in the last two flags, the price hit the...
General Electric formed a Head and Shoulders pattern starting on June 17, 2021, and ended on July 15, 2021. This pattern was soon followed by a breakdown. Since then, the stock has been operating in a horizontal channel with resistance at $107 and $98. Look to enter the market around the lower resistance mark.
After six months of consolidation work, GE stock has put together a solid technical platform for a pattern breakout to fresh relative highs
As the monthly chart of GE shows, a bullish “high handle” formed against the stock’s 38% retracement level has found support around the mid-pivot of a bottoming and bullish W pattern.
A reaction in shares above the...
General Electric rallied sharply between last October and March. But it’s failed to break out and could now be at risk of rolling over.
The first pattern on GE’s chart is the double-top around $115 in March and May.
Next, the industrial stock slipped under its 100-day simple moving average (SMA) in early July and has stayed this since. That line appears to be...
Stock just failed at the 105 resistance, so it'll probably fall to support around 90. Then you can go long between 80 and 90 and hold up to 130ish. Assuming the Boeing 737 Max issues are resolved shortly, you'll see a quick move up.
GE is trading inside a rectangle. The rectangle or side way channel can resolve upward or downward.
Break above $115 is bullish. Break below $95 is bearish.
Breakout point - $115
Mid way resistance - $107
Good Case - $115
Best case - $135
Bad case - $95
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart...
I got GE in meditation yesterday. I think I've gotten it before long ago. Anyway, turns out they have earnings tomorrow morning.
My dowsing and intuitive methods suggest price action as up and then choppy to down for potentially a week. I "heard" to $11 and my dowsing gives $10.75ish. It's pushing 12.95 into the close.
