GE General Electric Speculative Buyondip with Stops below 12.50GE General Electric Not Dead Yet
It's been a long time since the last update on GE - it's not been warranted either by the look of it.
It's still unloved and untrusted.
Depending on profile, this looks like one to accumulate at the these levels. After spending months
in a relentless down-trend that began with the break below 30 (several months before any bad
news hit the St) and which looks to be drawing, slowly, to an end, this looks like one to accumulate
at the these levels and on dips back to 12.60.
Downside is showing a loss of momentum and it's now moving away from the heavy parallel which
has killed all rally attempts in the past few months.It's now using it as support on this current move lower.
It may be unloved still, but this old girl still has a certain beauty.
Look to buy around current levels down to 12.60 with stops below 12.60 by 10 pips or so.
First target at 17.35, then 19.35. It will require a degree of patience, though ; )
