Second long: GE
Updated
Here comes the second long. This is a more risky trade because there is still room for GE to move down. You may have heard that it was dropped from the Dow, recently. It is my assumption that GE is ready to move up because it has done so recently despite all the bad news, including moving up on negative earnings.
Entry: 13.05
TP1: 19.25
SL: 12.5
This is a 11:1 risk ratio trade. Do your own research before risking any money.
If you have less risk appetite, wait for the tenkan to go above the kinjun on the daily. I fell comfortable with it because of the slow stochastic and RSI.
PS: I see that the chart does not look exactly as I designed it. The fact is that the angle is 46 degrees like here:
Entry: 13.05
TP1: 19.25
SL: 12.5
This is a 11:1 risk ratio trade. Do your own research before risking any money.
If you have less risk appetite, wait for the tenkan to go above the kinjun on the daily. I fell comfortable with it because of the slow stochastic and RSI.
PS: I see that the chart does not look exactly as I designed it. The fact is that the angle is 46 degrees like here:
Trade active
GE seems like it is building a cause. It went up to and keeps moving.Note
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