NYSE:GE
After putting in a pretty clear topping pattern, GE price action is working it's way through a descending triangle.
With rates rising, I am expecting price to fall out of the triangle and run down the pitchfork to the 0.5 to 0.618 Fib level.
Price target = $70 - $77 range.
A Head and Shoulders pattern can be drawn within the blue ring of fib circle, if you allow a recovery of the current price action
As always the trend is your friend, which can be seen to be bearish, but an upward move is still possible.
General Electric Company
Short Term - We look to Sell at 82.00 (stop at 87.00)
Previous support level of 85.50 broken. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. We look for a temporary move higher. The reaction higher is positive, however, we view this as an opportunity to set shorts in...
The PEAD projected a Bearish outlook for $GE after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
I was trying to think about some of the oldest companies I knew of to chart some thoughts. Playing around with the ideas of all time 88.6 retraces, mean reversion, fair value gaps, failed auctions, vector recovery over time. General Electric looks like a prime example of my ideas.
Just charting for the fun of it <3
NYSE:GE
Goals 98, 102. Invalidation at 88.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the...
I just watched a documentary last night called 'Blue Gold: World Water Wars.'
I must say, very revealing 90 minutes of multiple perspectives on the growing water crisis. The one key point I took from it is that GE is the leader in desalination.
Without the hypocrisy of badmouthing civilization's consumption habits and general ways of life, because I play my...
Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $91.85
Target Price: $91.06
Stop Loss: $92.64
GENERAL ELECTRIC | Price is Moving Within a Megaphone Pattern📣📣📣
As we can see from the chart the price is moving inside
a megaphone pattern.
Actually, the price looks like it is actually resuming the expected bullish movement again.
The price is moving in this daily corrective model since March 21st
So the price spent almost one year in order to create this...
GENERAL ELECTRIC | Price is Moving Within a Megaphone Pattern
As we can see from the chart the price is moving inside
a megaphone pattern.
Actually, the price looks like it is actually resuming the expected bullish movement again.
The price is moving in this daily corrective model since March 21st
So the price spent almost one year in order to create this...
General Electric staggered throughout the course of 2021, and now the bulls may be jumping ship.
The main pattern on today’s chart is the close under $88. The industrial stock bounced around that level in December, January and February. Has it finally lost relevance as support?
Next, consider the lower high last month versus January. That kind of descending...
GENERAL ELECTRIC | Price is Moving Within a Megaphone Pattern
As we can see from the chart the price is moving inside
a megaphone pattern.
From the previous analysis, the price tested the lower part of the megaphone pattern as
expected and from there we can see a nice bounce of +10.4%
Actually, the price looks like it is actually resuming the expected bullish...
GENERAL ELECTRIC | Price is Moving Within a Megaphone Pattern
As we can see from the chart the price is moving inside
a megaphone pattern.
The price is moving in this daily corrective model since March 21st
So the price spent almost one year in order to create this pattern.
A potential bullish movement is expected from the support area
between 92.8 and 88.8
...
The short-term Elliott wave view in General Electric (GE) ended wave (1) at 88.03 low. Wave (2) rally is currently in progress as a zigzag Elliott Wave structure. Up from wave (1), wave A of the zigzag ended at 100.68 with internal subdivision as 5 waves impulse. Up from wave (1), wave ((i)) ended at 91.77 and pullback in wave ((ii)) ended at 88.05. The stock...
