In a groundbreaking move that has sent ripples through the financial world, General Electric ( NYSE:GE ) has completed its long-anticipated $191.9 billion breakup, marking a pivotal moment in its storied history. With bullish investors eagerly eyeing the horizon.
The journey towards this momentous milestone has been nothing short of extraordinary. Despite facing...
On March 15, 24 the stock NYSE:GE seems to move in a high tight flag pattern. Closing in green amid a weak overall market proves its relative strength.
A very strong stock during this uptrend.
A strong move out above this flag with volume confirmation, for me, would present a good buying opportunity.
GE on the weekly chart has been in a trend up with some corrections along the way since a
double bottom in the summer of 2022. It has had some sections spin-off including the health
care poriton of the company. This company as a mega-cap industrial with cash on hand
is independent of interest rate concerns. Much of its business in long term contracts. I...
New stock to me. looking for an upside move preferably. a slight dip off the bottom for a real good run at the top. best viewed on the 7 minute timeframe.
premarket will tell all
GE on a 240 minute chart shows an anchored VWAP and volume profile both anchored back into
October and a price action breakout beginning after the November earnings report and
sustained through the early February earnings report. Both reports showed significant beats
on earnings as well as good beats on revenue. I see GE as a solid long term long swing...
I previously published the idea of shorting GE. It has now pulled back more than 4%
on the retreacement. The short idea paid well using put options to profit from the
pump of earnings expectations. Earnings were great but the run up was too much for
traders. GE has now retreated and is ready for a long entry. Price is now in the
undervalued range of...
General Electric.... Return To Mean
1993 & 2009 prices
At resistance!
1h gap up from $8.12 Bull Flag!
Break above to 12 bucks\
T2=$20~
Below current floor $2.2xx
1M MACD Bottomed and Bullish!
1M Stoch RSI Bull Cross!
up/sideways
Time=TBD
On the Backs of the FLEET!
As you know, GE has been blazing upwards.
It has just hit a confluence of major fibs.
Looking for a pullback or Break-and-Retest.
Given the strength, it is likely to continue higher.
But it might be worth selling some of it around here.
Or one could move stop loss to just below this zone.
================================================
.
General Electric Co. has announced a company split aimed at increasing its business efficiency. Following the division, two companies will emerge: GE Aerospace, a manufacturer of solutions for the aerospace industry, and GE Vernova, which combines the energy divisions of GE Power and GE Renewable Energy. Investors who own GE stock will receive a stake in both...
Navigating GE Stock: Market Overview and Potential Retracement
General Electric (GE) stock, a stalwart of the industrial sector, is currently under scrutiny as investors assess its performance amidst changing market conditions. With the recent push-up from 2020 to 2024 showing signs of exhaustion, GE may be poised for a retracement to the $80-$90 range. This...
The upward trend in GE stock is evident, but there seems to be a short-term overextension. In the event of a potential correction, entry points within the support zone of 112 to 118 could be considered favorable. Resistance levels are seen around 130 and 135.
A price action below 130.00 supports a bearish trend direction.
Expect further downside price potential for a break below 129.00.
The target price is set at 126.00 (its 23.6% Fibonacci retracement level).
The stop-loss price is set at 132.00 (upper range of the inclining channel pattern).
The price movement within the inclining channel pattern indicates that the...
A price action below 130.00 supports a bearish trend direction.
Expect further downside potential for a break below 129.00.
The target price is set at 126.00 (its 23.6% Fibonacci retracement level).
The stop-loss price is set at 132.00 (upper range of the inclining channel pattern).
The price action in an inclining channel pattern suggest that the correction might...
This Weekly GE chart has been setting up for the past two year basically and it has come to my attention we have finally crossed the creek.
oh btw, im back and for good this time.
Happy Trading
If you haven`t bought GE ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of GE General Electric prior to the earnings report this week,
I would consider purchasing the 105usd strike price in the money Calls with
an expiration date of 2023-11-17,
for a premium of approximately $5.20.
If these options prove to be profitable...
