GE closed solid at a critical price of $14.00 give or take. Friday, July, 13 trading day may be decision day for those who are looking to buy. This is how I will approach: If GE will hold on the 13th of July and continue to make a positive incline to a $14.50-$14.75 range then it will start to test the next resistance.
If GE does not hold in on the 13th then I would look closely for the next 3-5 days on its behavior and fill an order at a good price around $13.80-$14.00.
Overall I am looking to get into a GE position.
If GE does not hold in on the 13th then I would look closely for the next 3-5 days on its behavior and fill an order at a good price around $13.80-$14.00.
Overall I am looking to get into a GE position.
Comment:
Also, a very important thing to watch is Earnings on the 20th of July!
Comment:
If GE can break the downtrend at around $14.00 or higher then it may look like a positive move but the MACD isn't looking too good along with the RSI.