1GE trade ideas
GE MONTHLY BULLISH BAT
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
GE cup handle chart w/ promising shoot upI am by far no expert, just having fun charting and seeing patterns... Pre March Covid crash, GE was in an upstream, which got halted by the crisis, rattling it down stream towards the bottom of the cup, where it traded sideways, until about late Sept/Oct where the two straight lines intersect, whence an upstream trend started until about early December where a handle panorama started to form, with a lot of consolidation, where perhaps many investors were taking profits from pre-Covid price ranges. In this current Handle zone (we are in the neon small green line now where today we saw a lot of momentum up pushing through resistances), GE seems to want to shoot up beyond the two parallel resistance lines, but I suspect more profit taking will take place, so I imagine some turbulence ahead there, as it consolidates, before piercing through its resistance lines, where price actually just recently hit on Earning Report day on 1/26. A seemingly classic Cup Handle form, which could work to our benefit. We shall see! The fundamentals of the DXY lower with the 10 Year Yield higher pointing to a stock market positive scenario, propped by high crude numbers, and Federal Bank supporting economic tools, feels to me like a ripe time to go LONG on GE. Good Luck trading!
$GE 2021-FEB-09๐๐ ๐ฌ๐ฆ๐๐ฌ๐ก๐๐ฌ ๐๐๐ซ๐ง๐ข๐ง๐ ๐ฌ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐ - ๐ข๐ฌ ๐ข๐ญ ๐ ๐ฌ๐๐๐ซ๐๐ญ ๐๐ฎ๐ฒ?
The recent earnings showed the rolling 4Q EPS exceeded analyst expectations by 33%. HOWEVER , analysts were quite pessimistic on their estimates, and EPS is down year-on-year. So is this the first green shoots of a turn around; or just a last gasp for breath? I like GE for the long term. They have positioned themselves well for the emergence of new technologies in the renewables sector - while still being a major player in existing sectors such as aero.
In fact, one of the brighter spots for GE is their renewables business unit. With more initiatives coming out of the Biden White House; it seems that renewables will be a big focus over the next 4 years - and the upside could be very rewarding.
GE - The uptrend that doesn't stop (Update)
Ladies and Gentlemen this is simply a continuation of one of my previous ideas. I am just confirming to myself the fact that General Electric is still on an uptrend and seems unstoppable. Will keep updating.
short term target along one scenario any help would be greatly appreciated on what you think about this
GE Call Options Look PromisingI have moved into a long Call Option on GE . Their fundamentals have turned around significantly, theyโve cut debt, they will be good in a Biden America with their renewable energy sector and when their aviation sector picks up I think that they will see growth over the next few years.
Looking for a GE bull flag confirmationWe are looking for a bull flag confirmation on GE Daily Chart. We will be very careful for anything that is below $10.42 on the close.
So far we are just seeing a pull back to 10.82 and waiting for further confirmation.
GE downtrend prediction GE braced to form a Head & Shoulder pattern, which confirms my hypothesis the volume itself.
Volume has a downtrend between the left shoulder and the head which gives more accuracy to form the pattern.
The target price is 9.65$ which is a match between the distance from head to neckline and 38.2% Fibonacci level to the most recent uptrend wave.
MACD on WEEKLY TIMEFRAME shows saturation of buying power which also supports this hypothesis.
General Electric Stock AnalysisThe Idea is to go long but only if the 10.4 USD support level will not be broken. NYSE:GE
Short Idea for GE with a Pivot Point for Mid-Term (1 Year) TgtShorting GE until GAP closing near price 8.14 and opening longs from that area with a long term target around $18 per share.
GE go up Fundamentals
I watched it go up during earnings. 2-3 Days ago.
It went down because of the Gamestonk. It will back up because of that good news. Its also a good recovery stoink
GE Short before LongI have price testing the resistance zone which is going on now. I can see price dipping down $10.63 - $10.99 which is a support zone to then testing $11.60 and up. For this company, it seems as if price always tests a resistance before dipping. We might be on pattern. I dont expect nothing crazy like Gamestop but get in where you fit in! Two opportunities coming up at market entry!
Let me know what you think!
Long Butterfly call for GEGe normally finds a range to trade on for a few months. with the new change in price, the range changes aswell. iIm looking for price tos stay below 14.25 and above 9 dollars. price staying between 10.50 and 12 would be optimal. this position if executed correctly could bring a decent boost to portfolio.
side note keep the butterfly call strategy close its great for steady rangebound stocks and is short strategy.
General Electric Stock AnalysisThe Idea is to go long but only if the 10.4 USD support level will not be broken.
NYSE:GE
GE Gap FillAfter retracement to the golden zone between 0.618-0.65, GE looks to head for a gap fill for wave 3. There is bullish divergence on the RSI on the hourly and with a solid hammer candle on the daily. A break above $11.15-11.20 would confirm a breakout. Break below $10.70 would invalidate wave count
GEGE, 1-2 week horizon
GE has been trading in a channel for the past month or two.
1. Price currently near the bottom channel support and if it holds, we might be looking for another bullish move.
2. The bottom channel support is quite close to the 50ema which means that there is a chance that price could break thru channel support but bounces up at the 50ema. When this happens, we might be looking at a sideways channel movement.
I am still for the most part bullish on GE because if you look at the weekly time frame, price action has been using the 8ema as support. and MACD seem to be over all bullish.
Cut loss once 50ema support breaks and price action goes below the last two swing low.
Disclaimer
I am not a registered investment advisor and do not offer investment advice and recommendation. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for, information and entrainment purposes only. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
Elliott Wave View: General Electric (GE) Has Further Downside inShort Term Elliott Wave view in General Electric (ticker: GE) suggests the rally to January 13 high at $11.91 ended wave (3). The stock is now in wave (4) pullback and the internal is unfolding as a double three Elliott Wave structure. Down from wave (3) peak, wave ((w)) ended at $11.25, bounce in wave ((x)) ended at $11.65, and wave ((y)) lower ended at $10.87. This completed wave W in higher degree.
Stock then bounced in wave X which ended at $11.33 as a zigzag Elliott Wave structure. Up from wave W at $10.87, Wave ((a)) ended at $11.18, and wave ((b)) pullback ended at $11.11. Wave ((c)) higher ended at $11.33, which completed wave X. GE then turned lower and broke below wave W at $10.87, suggesting the next leg lower has started. Near term, while rally fails against $11.33 in the first degree, expect further downside in the stock. Potential target lower in wave (4) is 100% โ 161.8% Fibonacci extension from January 13 peak which comes at $9.65 โ $10.29. Once the stock completes wave (4) pullback, it can then resume higher again in wave (5) to a new high above wave (3) at $11.91.
GE long in to earningsGE typically trades with air lines and BA as the main provider of turbines etc. but this year I believe GE will be an epic turn around story.
I like GE for MANY reasons but as the new administration comes in with a focus on clean energy we know GE will be a huge player when it comes to wind energy. I don't believe this is factored in to the stock. Internally, there's also major turn around going on and the new leadership's changes are just now starting to gain traction. This entry point should be good for both long term holds and short term trades.
big breakout coming to theaters near youi have shares in my longterm portfolio but id consider taking some leaps on a breakout over this downtrend line over 12.10 we can target 14-15. consider taking some profit there before a small pullback! goodluck friends :)
