GCP trade ideas
possible 35% trade on GEAfter a V shape recovery from the low 6.40s GE has been consolidating in s Symmetrical wedge that has now broken to the upside and its now retesting its previous resistance. After buying at $10.04 with the retest i took a look at the bigger picture and noticed GE has also formed a bump and run formation and broken the down trend line. If we stay above 10.04 our first major resistance is at around 13.68 for a potential 35% trade.
Good luck and safe trading motherpluckers!
GE short strangle, July 12 9/10.5, 3+ month channel There is a clear channel that adheres to the peaks and troughs of the sideways trend on the price movement on the daily charts, starting from February 28th, 2019. Both the upper and lower boundaries of the channel have been tested multiple times during this period -- the more times the limits are tested, the stronger the both support and resistance become. The lower bound is at $9.00 and the upper bound is at $10.50.
By simultaneously selling the OTM $9 call and OTM $10.50 put, there is a maximum profit of $32 per contract reached if the price of GE is between at expiry. The break-even points are at $8.68 and $10.82 respectively. We are choosing the July 12th contracts as GE is expected to report earnings July 19th. With 25 days until expiry, as a net seller we will collect the theta premium as GE stays within the historical channel that has held up over 3.5 months.
GE stock price forecast timing analysis. 13-Jun
Investing position about Supply-Demand(S&D) strength: Rising section of high profit & low risk
Supply-Demand(S&D) strength linkage Trend Analysis: In the midst of an adjustment trend of downward direction box pattern stock price flow marked by limited rises and downward fluctuations.
Today's Supply-Demand(S&D) strength Flow: Supply-Demand strength has changed from a weak selling flow to a suddenly strengthening selling flow.
Possibility of change in forecast timing: Forecast timing has become high variability conditions. because the flow of supply - demand has changed, and the supply - demand linkage is unstable.
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.4% (HIGH) ~ -3.1% (LOW), -1.9%(CLOSE)
%AVG in case of rising: 3.2% (HIGH) ~ -0.8% (LOW), 2.4% (CLOSE)
%AVG in case of falling: 1.2% (HIGH) ~ -2.2% (LOW), -0.9%(CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
Read more a detailed Forecast Analysis Reports that candlestick shape and %change, S&D strength flow in the future 7 days.
www.pretiming.com
GE Fibonacci Analysis - retesting the 10.50 resistance lineGE has astonished me for the past few months, especially with CEO Lawrence Culp doing away with the Capital sector, Jack Welch's pride and joy, and still managing to not completely crash stock prices. What is most astonishing is that with one little cup and handle, the downward trend seems to have been reversed, despite most Wall Street analysts calling GE to drop all the way to $6.50 by 2020. Amidst the trade wars GE has broken through a lot of resistance lines, and we can see through this Fib retracement that once the 10.50 resistance is broken we are looking at increasing to 10.75. The only issue is getting through that long term strong resistance. Looking at RSI we see that the 50% range has been a support, and we are appraoching 50% right now. Let's hope for one final push through 10.50 and make some profit.
This analysis hinges on hopes of sufficient trading volume to break past the resistance. If GE falls below 10.12 again, this analysis is null and void. Happy trading,
Adam
GE triangle VS channeling, bullish breakout?The past several months GE has been either forming a triangle with a breakout happening now, or is continuing to channel. Unfortunately the triangle breakout would occur at 10.60$ which lies within the potential channel. $11.00 is a weak resistance. Volumes are pretty balanced which supports channeling, however, golden cross occurred on June 6 which is bullish. With surprise financial results and new leadership this past quarter I am leaning towards this being a bullish breakout.
This could be the beginning of a major turnaround for GE, which would be a good time to go long. If it is channeling an entry point now would smack me in the middle of the channel, which is less than ideal.
GE 4HR POIIts not time to buy shares for GE. PUT Option trades for the moment. Wait till it bounces off of blue horizontal bar.
$GE millennial and their hodl techniques are going to mewn thiswidely known secret this is a big pick among my gen.
why yall go against us is beyond me. we are just smarter straight out.
like yall had the internet in your teens and robin hood in your 30s?
exposure is a bish.
kinda funny but i get it as ive been watching since it broke the 10s.
Bull flagging rn. breakout is going to mewn her. Plotted some r for profit taking.
Will General Electric Run for Another 8 Years? Check it out! I couldn't ignore this chart when I looked at it. I noticed it instantly! 10 years later GE has returned back to the $10 range back from 2009.
GE did a 8 year run all the way to 2017 before falling off heavy for 2 years straight. I did another 8 year projection back to the same level it reached in 2017. I believe it will take this pair less than 8 years to reach back to the same level.
If this stock does take 8 years to recover than we should be looking around 2027 to reach the $30 per share range.
All in all I believe this is a very solid stock to invest in.
(Please comment and give your honest opinion.... Thank you)
GE to retest 10.12 resistanceThese are 15min candles, so relatively short term. Descending triangle (green lines) signals increase in price within the next week. Big resistance at 10.12 (top yellow line), stock bounced off that level on May 22 and on June 4. Descending triangle also forms the beginning of the handle for a cup and handle, which is a strong signal for a breakout in price. We could see a retest of 10.12 if that’s the case. If not, a retest of 9.52 could also happen.
Blue arrows indicate what I think could happen, gray arrows indicate what may occur instead.
Keep in mind GE has been in a slump for the past 3 years, so we can't expect it to break that trend for nothing.
GE - potential to retest previous high of $11.50GE is forming a nice wedge pattern. If it breaks the upper trend line, stock could retest the previous high around $11.50. It has a good support at $9.
General Electric Buy SignalThe Trading Chaos Expert has identified me that the price has formed a bullish divergent squat bar on the daily chart of General Electric shares. This signal, reliable as it is, is supported by Elliott wave structure, which is marked on the selected chart. Going long using pending levels that are marked on the chart.
Bearish Trend in General Electric (NYSE)There is a formation of a bearish trend with at least 3 bearish touch. Also, there is a moving average confirmation of the trend as well as a retest of the trend line after breakup
Conditional long200 EMA acting strongish price over the last few weeks have made many systemic attempts to break this but the bears have denied the bulls, however it is heartening to a cluster of supports due to some rangebound behavior. Supports at 9.80 where ema 50 sits and then another support at around 8.80-9 which was the april 15th low and closing price respectively. If 10.40-10.50 breaks decisively our first target will will be between 11.29-11.70 where 11.20 was the swing high made on 25th Feb which was coincidentally a rejection of the 200 ema resistance, 11.70 is a crucial level as well as it was the closing price on oct 24th 2018 which was one candle before the relentless downtrend began
