#GE - 1D - LOOKING GREAT
Updated
After a massive uptrend ride, GE took a break during the past two months leaving a clear bullish pennant.
MACD its looking gorgeous right now.
- OPPENING POSITION: 13.5
- STOP LOSS: 12.75
- TAKE PROFIT: If we are thinking on a swing trade, 14.40 (+7.6%) would be a decent profit. But, I believe that its a great position for a long term. Lets check once we reach our first target if technical indicators validate this idea.
MACD its looking gorgeous right now.
- OPPENING POSITION: 13.5
- STOP LOSS: 12.75
- TAKE PROFIT: If we are thinking on a swing trade, 14.40 (+7.6%) would be a decent profit. But, I believe that its a great position for a long term. Lets check once we reach our first target if technical indicators validate this idea.
Trade closed: target reached
In just two days we have achieved our target!Objectively, I should close the position and take the profits.
But I have some instinct here, so I will sell half position. I will hold the other half to check how it behaves near the resistance.
If it breaks it, I´ll rebuy above the resistance/support on USD 14.45/14.50.
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