After 2 years of a solid down trend GE has finally shown some strength to form a breakout. I have began to open a long potion in GE at $13. 95. My price target in the sort run is $15. If a breakout continues I will be cautious to watch for a pull back to the old resistance, which will be the new support in the coming days/weeks. If the price action pulls back...
Long setup on MCD. This pattern worked very well for more than 3 times in the past two weeks as I was buying off the $159 level and selling at $162 plus. Now the price action is testing the $155 level. Goal is to buy under $155.50 with a stop loss at $154.90. Price target $158.50 or $161.50 if it breaks out of the selling trend.
