GE- Finally will be going up
Today I will be covering GE. As you can see there is strong dpo and MACD bullish divergence. This is a good sign for a start of an uptrend. In addition it seems to have finished the C wave having a strong bounce today. In addition both indicators look like they are forming a nice triangle pattern and they seems ready to explode out of it. This explosion will bring a nice uptrend and leave GE at 18.31. The only thing that may stop GE forming finally gaining some momentum is a big stock market correction which is very possible.
#generalelectric
GE - General Electric On The But?As far as I can interpret the facts from the chart, I would say that there's a potential support for this Stock.
You see the confluence point from a couple of potential support levels like the Fork, the horizontal, the over- and under shoot level etc.
If you want more details check out my TradingView blog where I post the step by step analysis, from the clean chart to this result.
P!
Can we see light at the end of the tunnel?General Electric is having a hard time, but we can not say it's something we have not seen before.
Already begins to approach a strong support area and the rebound can be somewhat violent, we definitely have to be vigilant.
If it cross that point, there is a historical reference near the $9 area, which I think would be quite aggressive.
** This is totally based on the technical analysis style that I use, from the fundamental point of view, the news is not very flattering and many analysts agree that the GE situation is quite difficult. All that information easily found in the main financial news media.**
No doubt the following months will be interesting.
I hope that everyone involved will find the solution to this situation soon.
Best wishes to all.
$GE: 'Electric' upside opportunity if you digest 'General' fearNYSE:GE
Yes, 'there is blood on the streets' you know it, I know it. However, before GE goes down 'hard cold' busted, we can squeeze +100%. Let me share twisted views on the matter.
Fundamental View
Do you think the government will allow/tolerate GE's bankruptcy? Be serious!
Technical View
Take Fibonacci Retracement from the highest high, then go to the lowest low, what do you see? I bet you 1-thing, it cannot go to zero right now, it will not look good nor technicals indicate such scenario.
If you take the risk (trading/investing is all about risk) then prices could and will slide towards $12, $10 range making a more constructive 'Buy Scenario' building up towards 61.8% Fib near $33.00
ETR: Estimated Time of Realization; 18-months
GE - Approaching 5 Year LowsGE is approaching 5 year lows.
It is still not time to buy as price is still falling to lower lows.
Many people look to buy quick bounces. However, notice the 2008 low for GE on this chart was just below $6.
This has great potential for being the biggest Dog of the Dow for 2018.
All the best!
Seth Gregory
General Electric - Dog Of The Dow For 2018The 'Dogs of the DOW' is a trading strategy that is commonly known and looked for. The best candidate for the 'Dogs of the DOW' for 2018 is GE. It has continued to fall as the DJIA has continued to climb.
This is not a strategy to just jump into. Watch the trendline for validation that price is looking to change direction.
All the best!
GE - Monthly chart - LONG I believe the new CEO John Flannery with pursue with the GE digital initiated by Jeff Immelt. GE is an old and traditional Engineering manufacturer but not driving crazy in the internet era where companies like Google, Facebook, Yahoo, Amazon, etc are taking the most advantage of Internet. In theory, GE wants to become digital because of the larger profit margin and lower cost.
A typical profit margin for most businesses at GE is 30%, while being digital makes your profit bigger of up to 70% without any headache dealing with Manufacturing, custom, procurement, labor, energy, etc.
This is how I see GE stock for the next 10 years.
GE - Monthly at critical support.General Electric managed to climb back up from the lows of 2009. We will now see if this support holds - or if there will be a retest at lower levels. If we don`t see a further decline in the general market I favor a continued move higher. At the moment I don`t hold a position in GE.