GE has had a good run up since it bottom out at about $6. With lots of news about EV, it seems GE can go higher. But before that, it is always healthy to have some form a retracement.
Based on the 1H chart, a good place to start shorting is between $13-13.25
Target profit 1 is $10.50 area/ 20 MA
Target profit 2 is $8.50 area.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!
Based on the 1H chart, a good place to start shorting is between $13-13.25
Target profit 1 is $10.50 area/ 20 MA
Target profit 2 is $8.50 area.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!
Note
Oppss! Just realized I made mistake in thinking GE is General Motors!Don't suppose GE has anything got to do with EV though
Note
Should be a good time to sell GE now.Note
Went up higher to where I'd like it to be but let's see if it will start heading down next week. Setup still validNote
Setup is actually invalided but let's see how it is tomorrow. If still goes up further, then will look to close the trade
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.
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.