Seems quite a few traders like to trade GE on a short term "tape". Here is somewhat a novel approach using Bollinger bands as a trading model. Basically, we can create trend analysis on boost and decay properties of the stocks mean value as it portrays itself in the Bollinger trading channel. Interesting results. Seemingly accurate buy and sell signals....
#tradingview
# RUBY
In green are my entry signals we cann see a nice support in the pitchfork that doesn't show any will to break.
The 150 MA is very close to the current candle making it a resistance which the stock can break.
Note the stochastic breakover signals. Combining with dmi greatly enhances accuracy. 11/14 Expect correction after this point. Still bullish and trending however.
The company is good, and i think the stock will reach $30 by the end of the year. This is my favourite company to hold, Even tough i will re analyze it next week as i think Beta is very high 1.80 vs 1.20 (industry). I let the comments from yesterday so that you guys can compare. i KNOW THE PRICE DROPPED. BUT SAR CONFIDENCE IS STILL HOLDING AND BANDS ARE GETTING CLOSER.
