GEHC is a new spinoff from General Electric. It has great success thus far with good earnings
reports and no dependency on debt and interest rates. It has been on an uptrend since
the November earnings. At present it is correcting. I will play this going short on shares while
hedging with a long term call options. I am in GE calls out into 2026. A long term...
On a 4H chart, multiple FVG points were made. The stock went up because of earnings. If the stock crosses below FVG 1, we will see the price drop significantly.
General Electric's healthcare division (NASDAQ: NASDAQ:GEHC ), GE HealthCare, has emerged as a standout performer in the fourth quarter, exceeding both revenue and earnings estimates. Despite ongoing challenges in the global market, the company has demonstrated resilience and delivered robust financial results, much to the delight of investors and analysts...
NASDAQ:GEHC GE Healthcare has been spun off for over a year now and for as old of a company it is I think there will be room for growth. We are just starting to see the new identity this company will be taking on with the recent acquisition in the AI field.
Compared to its peers its trading at a much lower PE ratio. Possibly setting this up to be a value play...
GE healthcare respecting the lower potion of the channel. Looks to have good technology and foreign growth channels from the business side. Several analyst talk highly of this stock as a key player in the medical imaging game for diagnosing alzheimers and others involving CT and MRI's.
Respected the fib retracement to .618
Looks like a bullish bat pattern is forming. Could bottom out at around 64.65 ish. This market seems broken, however GEHC is trading around 15X FY24 earnings. This stock is cheap also with a nice growth trajectory. Looking for a beat on top and bottom for Q3.
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 81/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
GE Healthcare aka GEHC is a renowned global medical technology, pharmaceutical diagnostics, and digital solutions company that aims to revolutionize healthcare by eliminating limits. With a diverse portfolio of innovative products, services, and solutions, GEHC empowers healthcare professionals to make informed decisions quickly and improve patient care across the...
Top line is resistance and bottom line is support.
Triangles are neutral until broken with a trend in that direction.
This is not overbought or oversold.
Price has moved up a lot in a relatively short amount of time.
I own this but it is looking a bit toppy.
No recommendation.
Keep your eyes on this. GE Healthcare spinoff unit. I jumped in, because some of the best insiders in the world (Congress) jumped on it. Pure spec play already paying off.
Just one to watch is all.
It appears the GE conglomerate is splitting off it's multiple businesses.
Earnings estimated to be on 1-30.
This could bounce all over the place because it is new as an individual stock, but not new in the true sense of the word.
I just thought it was worth watching.
EPS (FWD)
4.55
PE (FWD)
14.28
Div Rate (TTM)
-
Yield (TTM)
-
Short...
