GE AerospaceLong
General Electric safer long after first pull back
I have begun slowly accumulating GE in Jan. after the #2 Excess Demand signal on Jan 20. Average is $24.13 with staggered stops below $24.47, $24.23 and $23.55. However, I think the real long term opportunity will present itself on the first pull back after the January bottom. This is shaping up to occur after the $25.48 (approx.) level is tagged. This is my "L7" Cyclical Resist on the chart. The initial bullish target after that pull back is now looking like the mid $26 area at my "L9" Cyclical Support on the chart. Furthermore, I want to see a GE breakout vs 
SPY (see attached chart).
GE in Jan. after the #2 Excess Demand signal on Jan 20. Average is $24.13 with staggered stops below $24.47, $24.23 and $23.55. However, I think the real long term opportunity will present itself on the first pull back after the January bottom. This is shaping up to occur after the $25.48 (approx.) level is tagged. This is my "L7" Cyclical Resist on the chart. The initial bullish target after that pull back is now looking like the mid $26 area at my "L9" Cyclical Support on the chart. Furthermore, I want to see a GE breakout vs SPY (see attached chart).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.