Long GEHey All,
This one is also purely based on price action.
Bounced of Weekly/Monthly Resistance, but no clear entry signal yet.
Im waiting for a clear signal to enter, because this could break up.
Follow me for more like this !
If it is helping you, please leave a like and a comment.⠀
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This information is not a Recommendation. It is purely for Educational Purposes.⠀
⚠ Keep in mind this is just a prediction, i might go in on this trade but stick to your own strategy and method.
GEC 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?