GE has had a good run up since it bottom out at about $6. With lots of news about EV, it seems GE can go higher. But before that, it is always healthy to have some form a retracement.
Based on the 1H chart, a good place to start shorting is between $13-13.25
Target profit 1 is $10.50 area/ 20 MA
Target profit 2 is $8.50 area.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!
Based on the 1H chart, a good place to start shorting is between $13-13.25
Target profit 1 is $10.50 area/ 20 MA
Target profit 2 is $8.50 area.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!
Comment:
Should be a good time to sell GE now.
Comment:
Went up higher to where I'd like it to be but let's see if it will start heading down next week. Setup still valid
Comment:
Setup is actually invalided but let's see how it is tomorrow. If still goes up further, then will look to close the trade
Don't suppose GE has anything got to do with EV though