The chat is self explanatory. Double Bottom, and then a golden cross. Finally a high volume candle on 4 Jan23 that propelled it quickly from 66.31to 71.94 (8.5%) in 3 days.
Initial stops can be placed just under the high volume candle (ie < 66.70).
However with numerous near term resistences looming, expected to face some pullbacks / consolidation along the...
looking like the electricity market is going haywire in the months to come. seeming like this will take out these local highs and run to this higher level $100+ soon. As inflation continues to kick price of goods increases commodities prices should reflect that
The American multinational conglomerate is one of the hottest possibilities now.
The chart formed an uptrend channel supported by strong fundamentals. With a P/E ratio of 32.65 (the industry has an average Forward P/E of 14.47), and a PEG ratio of 4.66, the company seems undervalued compared to the sector.
The short–term expectations are for the uptrend to...
NYSE:GE
The US-based General Electric (GE for short) is one of the largest conglomerates in the world. Since 2016, its headquarters have been located in Boston, Massachusetts. Around 174,000 employees work for the company in over 170 countries. The company produces a wide range of products that are in demand in industry, medicine and aircraft...
MACD is cooling off for the sellers and the STRAT is showing a 212 bullish reversal with a 66% win rate. Many are trapped in $85 area. In the blue are the targets based upon prior support and resistance levels. It will take its time but will make it back to $85.39.
most of my notes and thoughts are on the chart
- 3 major moves to the down side, with what appears to be a iHnS potential taking shape
--Need to see much more volume (buying) to confirm with better probability that this pattern pans out
---low volume with price increase would indicate weakness imho
- IF, this were a legitimate inverse HnS and the pattern...
General Electric Company - 30d expiry - We look to Sell a break of 82.98 (stop at 86.11)
We are trading at overbought extremes.
The primary trend remains bearish.
Bearish divergence is expected to cap gains.
Posted a Double Bottom formation.
A break of the recent low at 83.20 should result in a further move lower.
Trading has been mixed and volatile.
A...
The PEAD projected a Bullish outlook for $GE after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 25%.
I'm looking to get short on this name and am hoping it chugs up a little higher to meet resistance at around $80. Considering where $SPY would be at the time(hoping for $389), I think GE will present a solid short opportunity with a decent safety net. My predicted move is drawn out.
General Electric Company
Short Term - We look to Buy at 72.25 (stop at 68.61)
Posted a Double Bottom formation. This is positive for sentiment and the uptrend has potential to return. A weaker opening is expected to challenge bullish resolve. Support is located at 70.00 and should stem dips to this area. Dip buying offers good risk/reward.
Our profit...
A possible bull flag from the year 2000 to 202X (unknown until breakout confirmed)
Large volume support at $50-$60/share.
Additional EWT considerations:
Wave 1 up 1969-2000
Wave 2 down 2000-202X
Wave 3 up 202X-?
GE | General Electric | Potential Inverse Head & Shoulders
General Electric is showing the potential for an "Inverse Head & Shoulder Pattern"
The price should bounce above $81 in order to confirm
this pattern.
Targets:
🎯 95.61
🎯 102.58
🎯 114.73
Thank you and Good Luck!
PS: I know that the economy may face a recession soon so let's say out of this topic😂
I...
Based on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF
GE breaches Friday's low of $73.68 during Monday's session.
Starting to get a second daily close outside of support line on RSI along with possibly getting a daily close outside of price line. Weekly and daily RSI seem to be rolling over together. Getting rejected off of 200MA. MACD on daily getting close to crossing, and weekly MACD is under 0 line as well. Caution would be if the weekly RSI closes over 50 line.
