GE General Electric Company. Don't be scared!
Updated
Keep it simple.
So this one is fun to chart. I've found a 20 year wedge that has fallen back into play.
You can see we broke back into the wedge after a 4 year false breakout.. that's rough.
I'm seeing a ton of buy signals on the MONTHLY, but momentum is still bearish, peaking out though soon to be bullish. Ichimoku is still in the bearish zone, turning though.
Another note is on the WEEKLY, we have a 4 week squeeze, which has never happened, well, back in 1994 before it went from 7 to its ATH high...
I can see it reaching the bottom of the 20 year wedge, well 24 year wedge, because why not? Its done all that work to selloff to stop right above where it NEEDS to go?
I've placed my buy zones, and this could be an amazing grab considering the beauty of DIVIDENDS.
BE PATIENT, you have already waited 24 years, don't mess up the last year of decent!
Happy Trading, Debating and speculating! I want everyone to win!
So this one is fun to chart. I've found a 20 year wedge that has fallen back into play.
You can see we broke back into the wedge after a 4 year false breakout.. that's rough.
I'm seeing a ton of buy signals on the MONTHLY, but momentum is still bearish, peaking out though soon to be bullish. Ichimoku is still in the bearish zone, turning though.
Another note is on the WEEKLY, we have a 4 week squeeze, which has never happened, well, back in 1994 before it went from 7 to its ATH high...
I can see it reaching the bottom of the 20 year wedge, well 24 year wedge, because why not? Its done all that work to selloff to stop right above where it NEEDS to go?
I've placed my buy zones, and this could be an amazing grab considering the beauty of DIVIDENDS.
BE PATIENT, you have already waited 24 years, don't mess up the last year of decent!
Happy Trading, Debating and speculating! I want everyone to win!
Trade active
Was looking at the articles on the bottom right, JP Morgan saying this and that, giving a target zone of 11 - 9. JP if you want to copy my charts just DM me, im sure we can work things out.
Another note, heres a updated chart closer up with a wedge formed. Looking for final dip at new years. (Im sure there will be some big news on GE)
JP saying 11-9 concerns me a bit, even though I have that in my buy zone from last weeks chart above.
It concerns me because hes bigger then me, and if I have the same numbers as hes announcing it should go to through media posts, then Ill have to direct my buy zone to 6-8 area,
which I've had labeled just in case something like this happened...
FOLLOW for updates!
Trade active
you will notice the negative news reflects my chart predictions.chart first, news to match chart second.
Note
has fallen back into place. false breakout.Trade active
Trade active
still looking like that under $10 mark is in play. I stand by my initial analysis.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.