GE has a solid ongoing trend higher LONG
Updated
GE on a 240 minute chart shows an anchored VWAP and volume profile both anchored back into
October and a price action breakout beginning after the November earnings report and
sustained through the early February earnings report. Both reports showed significant beats
on earnings as well as good beats on revenue. I see GE as a solid long term long swing trade
into at least the next earnings in about ten weeks. Another approach aside investing is
a long term call option more than one year out to capture the tax advantage of the long- term
capital gains tax rate. I will zoom into a 30 minute time frame and go long with the best
entry of a pivot low.
October and a price action breakout beginning after the November earnings report and
sustained through the early February earnings report. Both reports showed significant beats
on earnings as well as good beats on revenue. I see GE as a solid long term long swing trade
into at least the next earnings in about ten weeks. Another approach aside investing is
a long term call option more than one year out to capture the tax advantage of the long- term
capital gains tax rate. I will zoom into a 30 minute time frame and go long with the best
entry of a pivot low.
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Trade plan on 15 minute time frameNote
GE on volume profile breakout in the premarket expect buying volume after theopen,
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The volatility surge in the premarket is active compared with Friday. Expect more volume and volatility at the open. Trade active
Another week marching up the invisible path, Holding full position . No adds until a correction, msn.com/en-us/money/topstocks/3-stocks-primed-for-exponential-returns-by-2034/ar-BB1jbDtm?ocid=msedgntp&pc=ACTS&cvid=02106b7007b1493cb347430e732ec9a9&ei=39Note
A smll correction is noted. I added to the position with another call option expiring in Jnauary 2025. A TV subscriber who likes and follows queried as to technical indicators for the GE uptrend. Linked here is a chart complete with textbox comments. Hopefully, it satisfies the query.Trade active
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