Is General Electric (GE) a Good Stock To Sell? That is why! Today we will look at a detailed analysis of GE from a technical and financial perspective. I tried to keep this analysis as simple as possible. You can see further details in the video analysis. Thank you and Good Luck!
GE looking for a bottom in wave C. Looking at ~6 to 6.3 for bottom based on wave structure right now
Further upside expected after Capitulation and depleted supply ....... I will use a simplistic method of Wave Analysis as waves are subjective. However, price levels will be used as a countermeasure to offer objectivity in an attempt to keep the right side of the market
GE - Long entries. 6.02, 5.89 (layer entries) Stop loss - 5.49
See prior update below
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
This a follow-up to the GE idea about the downtrend it started on May '17 through May '18. GE just broke down another support level at $12.60 after failing to even test the $14 mark. Right now the support break tells us that the stock is still weak, but it is still a little early to call it a bankruptcy confirmation. The stock is weak and would not be a great idea...
This is a quick summary of this GE idea, but GE started its strong downtrend on May '17 and it started to slow down in May '18. That's 1 year with a ~52% loss, in other words a very strong downtrend or crash. It was a discussion I was having with a fellow member and I decided to share it as an idea rather than keep it to myself just because of how interesting the...