NYSE:GE confirms next leg up Mentioned in the past few reports for members as one of the quiet performance leaders since bottoming in 2023 and breaking out of a multi-decade consolidation after. The depth of the consolidation projects a target up to $265 per share, or about +30% from here. Prices are breaking out today, and on a risk-adjusted basis, this is...
If you haven`t bought GE before the previous earnings: Then analyzing the options chain and the chart patterns of GE General Electric Company prior to the earnings report this week, I would consider purchasing the 155usd strike price Calls with an expiration date of 2024-8-16, for a premium of approximately $8.50. If these options prove to be profitable prior to...
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...
Navigating GE Stock: Market Overview and Potential Retracement General Electric (GE) stock, a stalwart of the industrial sector, is currently under scrutiny as investors assess its performance amidst changing market conditions. With the recent push-up from 2020 to 2024 showing signs of exhaustion, GE may be poised for a retracement to the $80-$90 range. This...
RSI is dropping below 70 showing signs of lack of bullish strength. I believe this stock is likely to pullback a bit.
If you haven`t bought GE ahead of the previous earnings: Then analyzing the options chain and the chart patterns of GE General Electric prior to the earnings report this week, I would consider purchasing the 105usd strike price in the money Calls with an expiration date of 2023-11-17, for a premium of approximately $5.20. If these options prove to be profitable...
General Electric Company - 30d expiry - We look to Buy at 111.71 (stop at 108.71) The primary trend remains bullish. There is no clear indication that the upward move is coming to an end. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 20 1day EMA is at 111.54. We look to buy dips....
Analyzing the options chain and chart patterns of GE General Electric Company prior to the earnings report this week, I would consider purchasing the 110usd strike price Calls with an expiration date of 2023-8-18, for a premium of approximately $3.85. If these options prove to be profitable prior to the earnings release, I would sell at least half of...
Buy Jun-02-23 $101 Strike Puts @ 1.47 Limit to Open Candle bounced off the top SR channel, for a down turn to the next zone. Tight strike for quick ITM zone. Expires the following week from entry date.
down following a double top Using curves to show the waves down Long term bearish
AMAT is a strong company, clean financials, legacy business entrenchment (moat) and plenty of upside potential. However buying today is not favorable risk-reward, wait a few months to see if 2023 gives another ideal buying opportunity Sector: Producer Manufacturing Industry: Industrial Machinery Applied Materials, Inc. provides manufacturing equipment,...
This old company struggled to reinvent after the banking debacle destroyed its consumer financing division. Older companies CAN reinvent and start a new life. I'm showing the Weekly Chart first so you can see the support zone below and the strong resistance above, where the stock may head sideways for a time. Around $67 is the high of a completed short-term...
The American multinational conglomerate is one of the hottest possibilities now. The chart formed an uptrend channel supported by strong fundamentals. With a P/E ratio of 32.65 (the industry has an average Forward P/E of 14.47), and a PEG ratio of 4.66, the company seems undervalued compared to the sector. The short–term expectations are for the uptrend to...
General Electric Company - 30d expiry - We look to Sell a break of 82.98 (stop at 86.11) We are trading at overbought extremes. The primary trend remains bearish. Bearish divergence is expected to cap gains. Posted a Double Bottom formation. A break of the recent low at 83.20 should result in a further move lower. Trading has been mixed and volatile. A...
General Electric Company Short Term - We look to Buy at 72.25 (stop at 68.61) Posted a Double Bottom formation. This is positive for sentiment and the uptrend has potential to return. A weaker opening is expected to challenge bullish resolve. Support is located at 70.00 and should stem dips to this area. Dip buying offers good risk/reward. Our profit...
A possible bull flag from the year 2000 to 202X (unknown until breakout confirmed) Large volume support at $50-$60/share. Additional EWT considerations: Wave 1 up 1969-2000 Wave 2 down 2000-202X Wave 3 up 202X-?