Divit_R

General Electric, Buy position at $8

Long
NYSE:GE   GENERAL ELECTRIC CO
I see a reversal taking place, against a bearish long-term trend.

TP 1 will possibly hit.

TP 2 will take a long, long time to hit

TP 3, I honestly think, will not hit for at least 5 years or something.

If you are a short term trader, take profits at the Red Resistance line at $18.55.

If you manage to catch a long at $8.09 and take profits at $18.55, you should walk away with approximately 132% return on that trade, after factoring in spread costs.

I haven't included holding charges for holding stock, if you are leveraging.

I see this as a high risk stock *it has lost a lot of it's market capitalization over the years*, quite volatile, so would use a low lot size, or avoid leveraging for good risk control.

-Divit-

Comments

Correction, buy entry might actually be $9
Reply
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