GE Could go either way... (LONG TERM)
GE has entered a consolidation zone. a breakout from this zone will indicate whether GE will have huge gains or will drop significantly.
This projection is long term, GE could oscillate in this zone for years, or it could happen very soon. Keep GE on your watchlist and occassionally check back.
My prediction is LONG with an increase of 8x over 8 years. (70% likely) .
This long prediction is because of the nice double bottom that happened in MAY of 2020. Since GE rose back up as fast as it dropped indicating that it will continue in an uptrend.
This is a super long term prediction that will take a lot of time for it to reach this goal, however I feel that now is a good time to buy shares worth $14 that could be worth $100+ by 2029. As far as projected inflation is concerned, this will still be a gain of +20% over 5-year inflation.
There is a possibility that we have hit an upper level of the current downtrend. This may be the case, however, With the current business/economic plan of the U.S. GE is a company that has influence inside the American government and personally I think will win in the end.
This projection is long term, GE could oscillate in this zone for years, or it could happen very soon. Keep GE on your watchlist and occassionally check back.
My prediction is LONG with an increase of 8x over 8 years. (70% likely) .
This long prediction is because of the nice double bottom that happened in MAY of 2020. Since GE rose back up as fast as it dropped indicating that it will continue in an uptrend.
This is a super long term prediction that will take a lot of time for it to reach this goal, however I feel that now is a good time to buy shares worth $14 that could be worth $100+ by 2029. As far as projected inflation is concerned, this will still be a gain of +20% over 5-year inflation.
There is a possibility that we have hit an upper level of the current downtrend. This may be the case, however, With the current business/economic plan of the U.S. GE is a company that has influence inside the American government and personally I think will win in the end.
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