GENERAL ELECTRIC COMPANY NYSE:​GE

After another surprising sell of (that's sarcasm by the way if you haven't noticed this stock decline) GE is now pulling back to the previous right shoulder of our head and shoulders bottom, which I shared with you earlier in the week.

Well, I was about ready to enter a position on GE if it could successfully bounce off the neckline. Glad I did not enter a trade, as it would have been a fail! Important to be patient at times with these trades, particularly when you are going against a strong trend.

Haven't actively looked at stocks in I don't know how many years, but every once in a while I like to take a glimpse at what's going on in the market and found this head and shoulders bottom today after reading about a recent GE merger

The breakout will probably fail due to the lack of volume, however watch out carefully price action on the upcomming days.

GE is looking pretty decent for a reversal play with an Inverse Head & Shoulder pattern Let's see if we can spot a good entry point

(I am not trading this) practise makes a man perfect I guess.

this is not a financial advice

Hold all year!

Period: short term. Frame: 30 min. Wave type: progressing upside motive wave. Expectation: close to complete wave 3 before starting a correction in wave 4 then complete the upward move in wave 5 to complete the motive wave pattern.

Possible 5-wave impulse and iHnS

GE broke downtrend I see inverted h&s, if breakout watch for test neckline before entering even more longterm a cup and handle might be formed

This is a neutral to bullish assumption "skip month" call diagonal that very nearly approaches the metrics of a "proper" Poor Man's Covered Call where the credit received for the short call is equal to or greater than the extrinsic in the long option, the break even on setup is at or below where the stock is trading, and where the price paid is less than 75% of ...

+ ema 9 broke up... starting possibly a bullish trend + overselling finishing in RSI with some light divergencies + bullish divergencie in macd histogram + apparently a HCHi formation in progress (second shoulder), testing the neck line strategy: go with the ema9 and put a stop at weekly close down it take profit in 18/19 zone and await a break up of the 19/19.5 ...

Looks like a head and shoulders bottom pattern

An inverted double top with a possible breakout, long after confirmation with target at 19.39

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Long. Open position

GE looks to be near completion of a bottom head and shoulders pattern. looking for a breakout above the neckline and volume.