GE trade ideas
Potential Buy signal in General ElectricsPrice movement is getting tight within a beautiful Triangle. Books tell us this might be a Descending Triangle. What I see? The stock made the same exact figure earlier this year and boomed 37% upwards after a 11.37% downside movement.
Not the optimal set up but your risk is defined.
GE 1/9/2020 (Ready for take off?) This stock has been manipulated by big fund management constantly beating the stock down and up.
We have seen last year how analyst degraded the stock just so the big boys can upload their funds , and later rocketed .
set stop loss of $2, enough buffer for speculations. Hold it tight and ignore all noises.
How far lower can a conglomerate go?
GENERAL ELECTRIC D1General Electric is a large corporation engaged in the production of heavy equipment and the military industry. The company also manufactures products from different materials. In times of instability, devastation and conflict, their products can be very relevant. There are serious unrest in the world due to the situation with the coronavirus. The crisis that has overtaken the violence of the entire planet due to quarantine creates huge problems. Also, in many countries of the world there are election campaigns that are particularly violent and create conflicts. One gets the impression that provocations and revolutions are very beneficial for someone. There is a version that bankers make the largest profits precisely in times of instability, disaster, war and epidemics. This is exactly what we see around the world today. In this environment, General Electric has a good sales market. And its products can be very necessary for structures that deal with these events.
