GEC trade ideas
GE Testing Key Resistance, Potential Bullish BreakoutPrice has been trading above the bearish channel for two days now. Nevertheless, the recent gains in price was a reaction to the recent positioning of hedge funds and institutions. In addition, GE recently replaced their CEO, where the market reacted quietly positively to the news.
Trade Step-ups:
Scenario One (Bullish Breakout): Price consolidates above 14.00. Look for further move to 15.00 and 17.00.
Scenario Two (Bearish Reversal): Price rejects a breakout and falls back into the bearish channel. Look for a strong reversal to 12.00 and 11.00 respectively.
GE Breaking Out Of DowntrendGE seems to have bottomed out, and with a new CEO in place I expect a minimum of $15 but not ruling out a move up to $20 by EOY.
Vpvr shows some resistance coming up, but the daily trend line does seem to have been broken.
Also note the large increase in volume over the past week.
GE / W1 : Weekly chart signals. Trade Validated.NOTE : first, be aware that the signal is a double Taking Profit pattern, which is the weakest possible one ! But regarding the way this asset got sold in a bullish market kind of makes me wonder how deep this could go if this was just for a retracement.
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
GE Accounting 101Someone lost their magic finger counting, I mean accounting measures.
GE Grandfathers stock passed down. We're at $11-12 watching CCI go deeply negative for so long. Sell this one before it hits $5-6 then buy gramps lucky charm rabbit foot back.
Anyone call this with a 1 yr put, anyone? NM, you're not on trading view anymore if you did. Silly question.
GE 9.17.18Reading these comments about potential bottoms are almost comical if not sad. I am not sure about your double bottoms, falling wedges and the plethora of creative sounding technincal names but the wisdom of a once great trader does come to mind. "Remember that stocks are never too high for you to begin buying or too low to begin selling". Jesse Livermore =]