Range Building For Longterm. (GE)✌ You're going to want to play the edges of the expanding range and align the Crossover strategy/ the ema dots at those point of reversal or breakouts.
Focus more on the range edge vs the horizontal support and Resistance levels.
Either of these breaks should result in a longterm position for play. The green support on the range is very critical and must hold as a long term support level.
Tight stoploss for reversals.
Best of luck, 🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
Trade ideas
$GE Busts the Sloped Supports Following Fed Floor FingerGE offers connoisseurs of financial horror plots a good opportunity to indulge: If GE debt is downgraded from here, the volume of paper will nuke the lower tranches in the US corp space and force the Fed to go from "ridiculous mode" to "ludicrous mode" to keep the ship afloat.
At present, the Fed's 0% 2022 projections on Wednesday trap-doored this one under the trendline supports.
My GENERAL ELECTRIC Analysis on 4H, A Big bullish move is comingHi Traders, I'm sharing with you my vision concerning GE, the downtrend has come to an end, now place for a big uptrend move , It's the start of a bullish big move because the price is at a very strong level if it doesn't get throgh it will directly go up, waiting for your comments and remarks guys, good luck for you all :)
Can Mostly Bearish GE be finally on a Positive Streak? $8 Soon?First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I have a few key insights. General Electric seems to be on a small bullish wave, and looks like core resistance targets are about to be broken. Given how ridiculously cheap it seems as a stock, past wave correlation and where it is trending at, an $8 price as a short could actually be reasonable if it pushed its momentum further.