$GEAfter a 5-Wave structure down, $GE is currently on an ABC upwards,
Wave C should go up and reach wave 4 territory.
GE trade ideas
The Edison's Company (GE )wants to break $9! Will they achieve??Hi people! The General Electric Company is trying to break out the $9 insistently!!! After the worst crisis since 2009, GE found the mega support at $6.65 and failed to breakout above the $9 several times. Up to now we still don't have the propper signals to confirm that. We can see lot of blue candles (Elder impulse system) in the 8,8 to 9 area. This means the momentum of bulls decrease in this area so there are still lot of doubts to confirm a break out. I trust that GE finally will breakout and recover from this terrible crisis but WHEN??. Probably the best way to trade here would be to wait GE finally breakout the $9 and wait patiently to retest it as a support. Be aware! Be caution! another fail in the $9 could bring GE to the mega support again! Good luck!!
Bullish GE Trend With Key Resistance Levels 2 Month ForecastGE has broken out of it's descending channel and has now shown a strong reversal and bullish indicator. This first quarter will be a beast as the new CEO takes reign and focuses on balancing the books. GE will become the comeback kid of 2019!
WHY ARE WE BULLISH ON GENERAL ELECTRIC(GE)?GE was among the worst-performing equities in the S&P 500 index of US stocks but I am still bullish. The big question is why…
It is my views that GE is still one of the most valuable company in the world. The major issue was with GE Capital.
GE Capital is the financial services division of GE.. This division can be fix and I believe they are going to fix it. One of the strategy is to sell off GE capital Portfolio. On November 16, 2018 — TIAA Bank announced the acquisition of a $1.5 billion portfolio of healthcare equipment leases and loans from GE Capital’s Healthcare Equipment Finance (HEF) business.Many more transactions like these will occur..
GE is currently trading at $7.41 after making a low of $6.57 in December 2018. This is just above its 2009 low of $5.85.
If we can hold at $6.25 then I am looking for a retest of the next resistance zone at $12.30 to $18.75
This bullish status is very risky! The major trend is down..
I would like to design a Counter-Trend Strategy for this stock for our Global Proprietary Equity Fund with an allowance of four(4) times the Daily Average True Range( 4 x 0.4210=$1.684) below the March 1, 2009 low of US$5.85. This will give us an Exit Price of $4.16 if our bullish analysis is wrong.
This is a long term trade with four(4) price targets, four(4) entries and four(4) percentage(%) Risk. The entries will depends on price action at the support zones.
Price Target 1: $12.50
Price Target 2: $18.75
Price Target 3: $25.00
Price Target 4: $31.25
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General Electric: really going up soon?Hi all, Tolyan online.
First of all, Happy New Year and Merry Christmas all.
During the New Year holidays there are often trend reversals, hope this year the rule will also apply.
Now I want to talk about General Electric. GE is pindoses who make locomotives :)
We can see that there is high possibility of the downtrend coming to the end, monthly MACD and RSI indicators are almost signalising a reversal. And RSI is extremely oversold.
Also, the price is too deviated off the Kertnel Channel, and that means the price will want to kiss it soon.
General electric double bottomDouble bottom on daily, could go long on the retest of the neckline. Next confirmation is break of 61.8% at level 11 and 200SMA. Weekly seems like the stock has bottomed for now and will begin the rally towards the weekly downtrend line. Earnings coming at the end of the month, GE is expected to do better but it had trouble surpassing expectations. Counting on winter demand for electricity for heating could boost its financials.
Bottom formation with signs of strong hand absorptionGE stock price has been in the free fall style crashing down since October break down of the 12 dollar mark.
The falling has been exacerbated by the back drop of weak general market. As the panic sets in, the sharks moved in.
The volume expanded at the low while the price is making a flat correction below 8 dollar mark. My suspicions of strong hand absorption has been confirmed by the price action of the first trading day of the year 2019 that
It has broken decisively above the 8 dollar mark.
I believe that the absorption stage is likely to be finished and a retest of the absorption range is very likely in the next few days.
At this moment, the risk reward does not favours who he/she chases the prices as the stock is traded quite close to the 9 dollar major resistance level and bearish gap.
If it trades back down from 9 and retest the absorption range, then it would be a much better long trade.
If it would take out the resistance at 9 dollar mark with strong momentum, a long entry can be considered after seeing a bull flag formation appeared in the chart.
