2+ year consolidation channel has now broke resistance. Looking for an equal size move to the upside.
watching GE for a move to the upside around the 110s maybe more depending on volume but with this infrastructure deal we could see a decent move.
I havent really looked at the fundamentals but this one is trying to be innovative... they have their hand on almost everything.
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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...
has potentially compleated a very large correction and started an impulse up to create new ath
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...
Long $GE CMP $105.94. Repeating trendline breakout pattern. Possible target $115.25
GE looks primed to make a move up but it needs to get past that sma first
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.
General Electric was once a massive power producer. Back in 2017, turbine manufacturing was the company's biggest business. Then it all went downhill. A turbine design defect (now fixed) forced potential power producers to put their purchase plans on hold. And then clean natural gas power began to lose its popularity as alternatives to solar power became more...