Testing more lines...
These scenarios aren't applicable if GE has any monthly close below 60 USD.
Near term (<2 year) target would be at or before 100 USD. Long term (~3 year) target is at or before 120 USD.
But, this is only a test & not financial advice... More explanation if we do not close below 60 USD this month.
We can see clear rising wedge pattern also, Bearish divergence in RSI also MaCD, also chart gave me volume signal, which is when price going HH volume more lower.
I am taking risk entry short because its give me less stop loss.
GE entered it's 5-year horizontal sell zone today. Here's notable levels on the GE 1 week chart because GE is a slow mover, and it can take a long time for a bearish reversal. Except for an overnight newsworthy current events surprise drop. Plus, I included longer term options data. The two bearish options that stand out to me are the 4/21 expiry Put/Call Volume...
NYSE:GE
Taking a look at GE here
still at decent levels and when you zoom out you can really see where the potential could take you
at least 60% upside as a long term hold here imo
this isn't a trade this is a buy and hold without a doubt this is something that could take years to develop but if your patient? could double your investment in a few years....
Is General Electric (GE) a Good Stock To Sell? That is why!
Today we will look at a detailed analysis of GE from a technical and financial perspective.
I tried to keep this analysis as simple as possible.
You can see further details in the video analysis.
Thank you and Good Luck!
GE(General Electric) - Beware of GE
As you can see from the chart, the price is near a strong resistance zone.
When the price was tested in that area in the past, we can see strong bearish price reactions.
The resistance zone located near $90 pushed the price down several times time
starting from May 18, February 20 (covid-19), March 21, June 21, and November...
i believe we are looking to retest the breakout before confirming a real run. GE is one of my favorite stocks throughout 2023.
the retest sends us back towards 70/69
I am bearish on GE I think that there is a strong level between 85-87 from Nov 2021. In my opinion for this stock overpriced and needed some consolidation
This old company struggled to reinvent after the banking debacle destroyed its consumer financing division. Older companies CAN reinvent and start a new life.
I'm showing the Weekly Chart first so you can see the support zone below and the strong resistance above, where the stock may head sideways for a time.
Around $67 is the high of a completed short-term...
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...
