GE(General Electric) - Beware of GE As you can see from the chart, the price is near a strong resistance zone. When the price was tested in that area in the past, we can see strong bearish price reactions. The resistance zone located near $90 pushed the price down several times time starting from May 18, February 20 (covid-19), March 21, June 21, and November...
This old company struggled to reinvent after the banking debacle destroyed its consumer financing division. Older companies CAN reinvent and start a new life. I'm showing the Weekly Chart first so you can see the support zone below and the strong resistance above, where the stock may head sideways for a time. Around $67 is the high of a completed short-term...
General Electric Long Entry at 80.49 Take Profit at 87.18 (8.31% profit from entry) Stop loss at 77.55
The chat is self explanatory. Double Bottom, and then a golden cross. Finally a high volume candle on 4 Jan23 that propelled it quickly from 66.31to 71.94 (8.5%) in 3 days. Initial stops can be placed just under the high volume candle (ie < 66.70). However with numerous near term resistences looming, expected to face some pullbacks / consolidation along the...
looking like the electricity market is going haywire in the months to come. seeming like this will take out these local highs and run to this higher level $100+ soon. As inflation continues to kick price of goods increases commodities prices should reflect that
i believe we are looking to retest the breakout before confirming a real run. GE is one of my favorite stocks throughout 2023. the retest sends us back towards 70/69
I am bearish on GE I think that there is a strong level between 85-87 from Nov 2021. In my opinion for this stock overpriced and needed some consolidation
The PEAD projected a Neutral outlook for $GE after a Negative over reaction following its earnings release placing the stock in drift C.
Another stock that seems to respect median lines and provides good reversal zones for option spreads strategies, especially around earnings next week
Testing more lines... These scenarios aren't applicable if GE has any monthly close below 60 USD. Near term (<2 year) target would be at or before 100 USD. Long term (~3 year) target is at or before 120 USD. But, this is only a test & not financial advice... More explanation if we do not close below 60 USD this month.
The American multinational conglomerate is one of the hottest possibilities now. The chart formed an uptrend channel supported by strong fundamentals. With a P/E ratio of 32.65 (the industry has an average Forward P/E of 14.47), and a PEG ratio of 4.66, the company seems undervalued compared to the sector. The short–term expectations are for the uptrend to...
NYSE:GE The US-based General Electric (GE for short) is one of the largest conglomerates in the world. Since 2016, its headquarters have been located in Boston, Massachusetts. Around 174,000 employees work for the company in over 170 countries. The company produces a wide range of products that are in demand in industry, medicine and aircraft...
Bullish Pattern: If it breaks above this line and holds it. There will be a change in trend from bearish to bullish
MACD is cooling off for the sellers and the STRAT is showing a 212 bullish reversal with a 66% win rate. Many are trapped in $85 area. In the blue are the targets based upon prior support and resistance levels. It will take its time but will make it back to $85.39.
most of my notes and thoughts are on the chart - 3 major moves to the down side, with what appears to be a iHnS potential taking shape --Need to see much more volume (buying) to confirm with better probability that this pattern pans out ---low volume with price increase would indicate weakness imho - IF, this were a legitimate inverse HnS and the pattern...
General Electric Company - 30d expiry - We look to Sell a break of 82.98 (stop at 86.11) We are trading at overbought extremes. The primary trend remains bearish. Bearish divergence is expected to cap gains. Posted a Double Bottom formation. A break of the recent low at 83.20 should result in a further move lower. Trading has been mixed and volatile. A...
$GE Short Iron Condor 1/20/23 EXP. +1 $100 call -1 $95 call --{current share price: $86}-- -1 $60 put +1 $554 put 4:1 risk:reward
The PEAD projected a Bullish outlook for $GE after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 25%.