GE Buy the Pullback ( Flip the switch) now LONG
Updated
I previously published the idea of shorting GE. It has now pulled back more than 4%
on the retreacement. The short idea paid well using put options to profit from the
pump of earnings expectations. Earnings were great but the run up was too much for
traders. GE has now retreated and is ready for a long entry. Price is now in the
undervalued range of both the short and intermediate term VWAP bands.
The target is 99.99which is basically the price immediately before the earnings report.
Confirmation is tbe zero lag MACD where the K/D lines crossed under the histogram and are heading
together to cross over the zero line while the histogram flipped from negative to positive.
Call options in the money expiring 5/5 are considered.
on the retreacement. The short idea paid well using put options to profit from the
pump of earnings expectations. Earnings were great but the run up was too much for
traders. GE has now retreated and is ready for a long entry. Price is now in the
undervalued range of both the short and intermediate term VWAP bands.
The target is 99.99which is basically the price immediately before the earnings report.
Confirmation is tbe zero lag MACD where the K/D lines crossed under the histogram and are heading
together to cross over the zero line while the histogram flipped from negative to positive.
Call options in the money expiring 5/5 are considered.
Trade active
Volatility surge in the premarket- I expect GE will be actively traded in the regular session Disclaimer
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