GE is coming close to breaking one way or the other out of this triangle pattern, and shows clear levels of support @9.15 and resistance @11.30, a break and retest of either one of these areas would signal the trend direction for the next few weeks. You can watch my full video review for $GE by using the link in my signature description!
Earnings: Wednesday after close
Technicals: STRONG BUY
Zacks Rank: Buy
1 yr: Seems to trade very horizontally
3 yr: Bottomed out at $9.56 in 2017. Considering it is $22.81 now, that's pretty good recovery.
It jumped March 19th, 2018:
Looking at old news articles, it soard 28.3% after they announced their Q4 earnings.
Revenue is expected to jump yty +22.6%
Long term forecast for General Electrics/GE.
Please watch this video:
"My investment in GE is 'one of the biggest mistakes of my career'"
Share prices of GE are correlated with global stock market crashes.
It means we just entered a phase of a global economic...
Good evening everyone,
Lets take a look at G.E stock, as we can see on the weekly chart the stock is going in a very long downtrend since APR 17 , i believe we might've reached the bottom now,
As we can see price finally went out up of the channel, above the 10.0 psichological level.
The entrance should be evaluated on the daily chart, what do we...
Cup and handle pattern on the daily, if we see a breakout above 11.00 and re test off that level, then that will be my entry, and 11.50 will be my first target, if we hit that and stabilize again, our next target will be 12.75. Ill update this post as time goes along.
Action: Set Limit Order to Sell
Entry Price: 9.98
Exit Price: 9.66
Trade Explanation: #GE is trading closely around the resistant line, close below the resistant line on 15 minute chart will initiate further downward movement towards indicated exit price.