GE Stock Revisits Breakout Base: What’s Next?
I'm currently analyzing GE stock, which is trading at $172.37 pre-market. It's returned to its breakout base and shows an OBV divergence, signaling potential movement.
The overall sector appears strong, suggesting the stock might be gearing up for another rise.
Analysts generally predict a 22% increase. Despite being up nearly 70% this year, it dipped about 8% last month. I'm setting a stop loss at $169.55 and aiming for a 22% gain, though I plan to sell half after a 5-8% increase. The upcoming election could influence its performance. Overall, the technical setup looks promising in a robust sector.
TLDR
📈🎯 22% potential increase
🔙🔄 Back to breakout base
🛑📉 Stop loss set at $169.55
The overall sector appears strong, suggesting the stock might be gearing up for another rise.
Analysts generally predict a 22% increase. Despite being up nearly 70% this year, it dipped about 8% last month. I'm setting a stop loss at $169.55 and aiming for a 22% gain, though I plan to sell half after a 5-8% increase. The upcoming election could influence its performance. Overall, the technical setup looks promising in a robust sector.
TLDR
📈🎯 22% potential increase
🔙🔄 Back to breakout base
🛑📉 Stop loss set at $169.55
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.