I believe this stock is going higher -- both technically and fundamentally. The stock price is consolidating in a bullish pennant formation. The company will benefit from the government's infrastructure spending bill.
Here are some breakout plays I'm looking at this week. $GE and $F have held up well and I will be watching closely for entries on both of them this week. Like and Follow :) Good Luck!
Beginning in late September and early October of 2020, we started to see a recovery of GE from a huge decline due to covid in march having the stock price decrease from about 12.5 to 6.5.
After staying relatively neutral for about 6 months, it finally showed signs of an uptrend around fall. It first surpassed the 100SMA in late September and intersected the 10SMA...
Short term side of things, we are bullish on this but we would like to wait for price action confirmation before entering any positions. Right now, RSI is slowly approaching RSI of 70+ and historically any RSI over 75 has to lead to a huge sell-off. Not to mention, our MA has struggled to hold support, although it is an upward direction channel, we want to...
NYSE:GE is about to test the resistance line at ~$14.50
from MACD and volume it doesn't look like there is a lot of momentum to break through.
I see this as bearish signals.
There's no reason not to own NYSE:GE right now. Solid company backed by solid technicals.
From current level, looking $20 - $22 medium-term target and a long-term target of $28.
As shown in the chart, over the last six months since mid September 2020, GE has been trading on an uptrend that is on pace with it's current two week uptrend. This longer period uptrend conveys that the shorter period uptrend is strong because it is historically backed. If the trend continues, It is probable that GE could make a move by the end of the year to a...
This chart shows the history of GE's stock prices over the last couple months. Recently, GE has began an uptrend after a bounce off of the VWAP curve. The VWAP curve has proven to be a strong line of support for GE historically. Over the course of the last couple weeks, GE is in an uptrend. However, GE is trading at $13.60 as of close on Friday, April 9th 2021....
