Look at this Monthly. $GERsi is in the teens on the monthly.
Divs if we bounce here
Macd looks like sh!t
But my oh my is this bottoming out. i doubt the ones calling $6.00, anything around that 8.00 flat is pay dirt.
GEC trade ideas
This indicator SAVED YOU HUGE on GEBuy Green
Sell Red
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it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
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it works good for stocks and cryptocurrency.
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you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
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when a green dot -0.78% -6.68% -7.44% -7.44% appears you buy, if a green dot -0.78% -6.68% -7.44% -7.44% appears after that green dot -0.78% -6.68% -7.44% -7.44% you hold your investment.
if a red dot appears you sell your position. easy as that.
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the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
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shorter time frames will be choppy.
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larger time frames will be smooth.
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*Daytrading smaller timeframes is possible but not recommended.
GE expected bounce to 9 - 10.5 to make new small top THEN!!Since quite time and very bearish style was applied for this share . it is possible to extend decline up to 5.5 or below but as its big share the process will take some time .. now at 7.99 we expect bounce to form new fresh top between 9.0 and 10.5 then suggested to continue down trend to achieve lower supports
GE looks fucked to meGE is pretty fucked. Broke the long term trend line this summer. Has been tanking ever since. So long GE, it's been nice knowing you.
I might buy some in the $5.76 to $6 range to take advantage of the "double bottom" false rally. Expect to sell the rally at $12-14.
SL is the you're fucked box. Stop loss @ $5.60 (assuming you buy at or under $6.
Then will continue trend down to bankruptcy.
General Electric Set For A Bounce On Monster Support! (GE)Hi friends! Welcome to this analysis on General Electric! Let's get right to it! Looking at the weekly GE chart, you can see that the stock has been in an absolute state of collapse, since early last year. However, the technicals are getting VERY interesting. Looking at the chart, you can see a pink rising trendline that is coming in form the left side of the chart. That trendline actually begins in the early 1980's, and it is the lowest extending rising trendline in play on the chart. Additionally, you can see that this trendline corresponds with the low made in 2009, during the great recession. So, the stock price is reaching historically critical levels right now.
What I'm interested in is a bounce play here. There is a bit more downside, before GE actually reaches the rising pink trendline (around $7.40) but a significant bounce could follow. There's a nice bullish divergence on the MACD, indicating that the selling momentum is in an exhaustive phase. That's really nice to see as price inches towards this critical support level. As I said, I'm a technical buyer here, on a touch of the pink trendline, with a stop down around the $7.20 level. That's a risk of about 20 cents, with an upside potential of $3.10. If you'll notice, there was a pivot low in late June of 2009. That low was at $10.50, and I believe that could act as significant upside resistance here. The 20 EMA (in blue) has acted as powerful resistance since 2017, and it's currently plummeting toward the $10.50 trendline. So, if we do rally from here, I think there is a high probability that the 20 EMA will be converging with the $10.50 level, around the same time that the stock price would be getting there — perhaps by December or January. That would increase the $10.50 handle as a powerful resistance, and that would be the best time to exit the trade. Good luck everyone.
I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-
OPENING: GE JAN 18TH 9 SHORT STRADDLESelling bullishly skewed premium in the beaten down GE with the possibility of an assignment of shares with a cost basis of 7.33/share (a 9.5% discount over current price). Filed for a 1.67/contract credit.
Metrics:
Max Profit: $167/contract
Max Loss/Buying Power Effect (On Margin): Undefined/$171/contract
Break Evens: 7.33/10.67
Delta: 23.23
Theta: 1.09
Notes: Fairly rare to get a credit approaching your buying power effect ... .
GE bearsshort term bearish, if it breaks under 6.50 itll be in free fall. for now im seeing it bounce off those levels and retrace to previouse POC
Where you should be buying GE, easy planWait for the last panicky flush where all the weak hands that have been buying these last months unload at the bottom
GE isn't THAT badTargeting a short-term bounce on GE here, typically these blue chip stocks when in heavy over-sold territory at a minimum show some short-term recovery when fear and PERCEIVED risk is high. Good opportunity to play the bounce here.
Disclosure: I have no position in GE.
GE approaching all time low GE almost on 2009 level (5.38)
I think market will not get that low since the 2009 level was the results of the Crisis.
After a bullish confirmation for 1-2 days market go up
GE shortI fully anticipate this going down to around 5.73, with a slight relief bounce around 7.60 the way down.
weekly GE chartbuy under $9 bucks... the low to hi fib retrace from 2002 to 2007 has the 1.618 retrace line at $8.50 bottoming out in March of 2009
GE is ultimately dropping to 2.4 or lower-5.7 is our next targetif we follow the pattern, the drop in 2000 was 70% and in 09 85%. i expect it to drop 92.5% from the peak of 32 dollar in 2019
Weekly demand zone of 9.96 with of right below a supply zonePrice is coming close to a weekly demand zone.
Entry @9.96
Stop loss set to @9.06
Target close to @18.00, right below a supply zone.
I'll use trailing stops if new significant demand zones form after entry in the event that the trade works in my favorite.
Descending trend line of GE This is my interpretation for a descending trending line of GE. From mid March until the end of last week, it has been non stop descending.
We could get a big(ger) discount on a great companyWhat company is the only one that was in the DJIA 100 years ago and still often ends up in?
Better, what company was in the DJIA back in 1896 and the only one that is still in the USA, did not get bought by another company, did not die, did not become smaller...?
They have survived that long, and grew. In 2000 the company was worth 600 billion (900 billion inflation adjusted), making it one of the biggest of all times, still far behind Saudi Aramco (Apple looks cute in comparison). Afaik the biggest oil company ever is the arab one at over 4 trillion (Standard Oil was in the 1-2 area).
I think the record thought... during the period of the Tulip Mania, the Dutch East India Company was worth 78 million Dutch guilders, which translates to a whopping $7.9 trillion in modern dollars.
Anyway, General Electric is a "wonderful company" right? I can only recommend reading about them, making sure nothing too crazy is going around.
This is actually similar reasoning to what Buffet did with Coca Cola in 1988, which made him immensly rich. But maybe he just got lucky...
Seriously, that company survived 2 wars and only grew bigger, they survived the SEC, the american justice system, and they are down 80% from ath.
If we get a recession soon (next 2 years) and the price goes even further down, yet the company still keeps doing its thing, and we get to buy at like 5$... Come on lol
If this happens I will look and try to find more about them & also check did whatever bad news circle around them already happen to GE? How did it react, etc.
Regardless, if it goes really low something like 2.50 and the revenues are still way up there and the company is not shutting down... I mean, the risk is very low and the potential reward would be amazing? Would not even have to go up to ath, 25$ would be a 1000% return, plus these juicy dividends...
If investors leave does this even matter to them? They do not sell shares to raise funds do they? Would need to check that.
Oh ye, easy mode activated by the way: if it keeps going down with a strong bear trend, and then you suddenly get a spike in price: institutions are buying heavilly obviously they are the only ones that can stop trends like this. Good guys did the homework for us and know this is a great company.
What to look for next is for another leg down, hopefully with divergence, and then we buy. We do not care if the price keeps going down because this here is value investing not trading.
The institutions do all the hard work, we just sit there and play video games, and we get to buy in cheaper and get better returns :D
If the price keeps falling, it is a chance to buy more lower (you only used a few percent of your wealth to buy so you have plenty of money left right?) NEVER USE LEVERAGE this is for idiots only.
And people complain that institutions are all powerful and idk what other conspiracy theories. Institutions are my b*tches and I rob them on a daily. Nothing beats being a super mobile quick agile individual that answers to no one.
General Electric Company SHORT --> RSI Trend LinesGeneral Electric Company SHORT --> RSI Trend Lines
Couldn't ask for a better setup in GEAccording to market analysis along with historical knowledge of market behavior as it responds to the final stages of bull rallies, GE appears to be setting up for its next bull rally.
Currently it is at what appears to be near the market bottom, therefore upside potential greatly outweighs the risk of downside volatility .
* As always, this is for educational purposes only*
Let me know your thoughts!
Good luck trading,
Zerotozeros12
GE - POTENTIAL BREAKOUT AND RETESTGE has broken the last 5 waves pattern and it's now retesting the breakout level. Look to the price action for a potential wave up. A strong breakdown under the E point invalidates this setup.
GE Losing its WingsI worked for GE Aircraft Engines during the 80’s and still have friends there that I’m now worried about. Jack Welch and his financial engineering was supposed to be such a great thing. In hind sight, not so much. Pretty obvious during the coming market sell-off GE is going to $3.
