GE AerospaceShort
GE 20211216 Analysis
GE had a runup of ~90-100% from its 2020 lows, then consolidated in a horizontal range for the past 8 months, and is now showing weakness breaking down the $95 support level.
A short opportunity at the current price, with slight resistance at around 85. The 65-85 level looks thinly traded so it is possible that GE may have further gap downs towards 60. Stop-loss above previous high @~$100. Profit Target: $70-85
Disclaimer: The contents are for informational purposes only and do not constitute investment or trading advice.
A short opportunity at the current price, with slight resistance at around 85. The 65-85 level looks thinly traded so it is possible that GE may have further gap downs towards 60. Stop-loss above previous high @~$100. Profit Target: $70-85
Disclaimer: The contents are for informational purposes only and do not constitute investment or trading advice.
Disclaimer
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