GEC trade ideas
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.
General Electric (GE) Buy on Double Bottom ??Reason to Buy
1) 6.86 = key support
2) Double bottom = potential reversal
Stay tuned !
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.
18 year downtrend - a high chance of reversalGeneral Electric has had a rough 18 years With downtrend while the rest of the market has set New highs.
I will buy at this area for June 2019 Calls.
GE New CEO... new era!Most of you already know that I added this asset in my portfolio looking for $32 a share within 5 years. How do we get it? Basically a real growth of 0.1% this year and 1% the next one. About the EBITDA, I'm expecting a revenue of 14% this year, and it will be completely attainable hold 17% average the next years. So as you can see, this share is quite underweight but it means a real potential over 100% profit. My PV for this year is $18.73 a share (more than 50% profit from where it is today).
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Main Idea:
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Well, after all I would put some dollars in GEAfter all, I would put some dollars rolling in GE for the next 5 years.
Entry: coming days, I'd like around 13.
Target: 32.
SL: <11 - >10
Potential: >1.2%
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GE - A rebound for a crumbling companyNot financial advice. Do your own research. The ideas shared are the personal opinions of the BitDoctor team.
Oh GE, what are you going to do in 2019? 2018 was probably your worst performing year but while the stock market is crumbling, you seem to be bouncing pretty hard here. Don't get caught with all the green candles and percentage gains. Bear markets are still bear markets. There's heavy resistance coming right up!
Short term I see $8.75 as a key resistance point. Next, I will be looking at $10 as some key resistance.
If GE is able to push through $10, then I can see $13 and $15 in the future for GE. That is probably more long term, and assuming GE can hold the levels mentioned above, including the not-mentioned $8 barrier that was crossed today.
Disclaimer: I currently hold a position in GE but have no plans to make any changes to my position in the next 48 hours.
ge long boysi know ive charted this before but still looking for a retrace back up towards these levels.
$GEIF we see a break on that bull flag, we could see 5th wave up heading toward next resistance level. Needs volume tho
$GE$GE will might fill previous GAP. If it opens a little up, will add puts at EMAS with thight SL and aim for that red order block, that would be my TP zone. If indeed reaches that area and breaks below it, will add more puts as looking at the left there is no other clear support.
Swinging GEswing trade idea.
Bullish daily RSI divergence with increasing volume testing the 7.97 neckline of inverse head and shoulders pattern. In at 7.43, forming the bottom of the right shoulder with a stop loss at 6.94. target price 8.95.
GE BUY $7.45Documenting entry.
Price is retesting trend line and creating a inverse head and shoulders.
GE LONGNot too much good news coming from GE but it is way oversold which provides room for good RR on a significant pullback
