GE | General Electric | Potential Inverse Head & Shoulders General Electric is showing the potential for an "Inverse Head & Shoulder Pattern" The price should bounce above $81 in order to confirm this pattern. Targets: 🎯 95.61 🎯 102.58 🎯 114.73 Thank you and Good Luck! PS: I know that the economy may face a recession soon so let's say out of this topic😂 I...
A Head and Shoulders pattern can be drawn within the blue ring of fib circle, if you allow a recovery of the current price action As always the trend is your friend, which can be seen to be bearish, but an upward move is still possible.
Goals 98, 102. Invalidation at 88. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the...
- Break above 97.44 will be bullish - Volume generated over past few days is a bullish - Take profit level is 103.71
If you are a millennial or older generation, you probably at least faintly remember a time when the industrial conglomerate General Electric was one of the largest and most influential companies in the world. The company was a $400 billion titan before the 2008-2009 financial crisis knocked GE down, and the company has been struggling to get back on its feet ever...
Today we will speak about GE. Why? because it's on a situation that from a technical perspective is BEAUTIFUL. Let's check those items: 1) Massive range that started in 2019 and was broken on March 2021. Remember that classical chart patterns tell us that when we have a range, we can calculate the minimum target extending the size of it above or below the...
2+ year consolidation channel has now broke resistance. Looking for an equal size move to the upside.
$MMM, $AMP, $GOOGL, $GE, $AMD, $COF, $HAS, $V, $TWTR, $UPS, $RTX, $NVS $MMM - 3M - reported EPS of $2,45/share - beat estimates of $2.21/share - revenue of $8.94B +7.09% YoY Organic local-currency sales up 6.3% YoY Operating CF of $1.9B Adjusted FCF of $1.5B (20%) YoY Returned $1.4B to shareholders in dividends Industrial FCF tops estimates Narrows FY21 EPS...
General Electric's $1.45 billion cash acquisition of advanced surgical imaging company BK Medical announced last week would have been something out of the ordinary for GE a decade ago. These days, however, it's much more important. This deal is CEO Larry Culp's biggest acquisition, a leader noted for his ability to acquire businesses, and it should give...
In this technical analysis, I give you an explanation for GE's price movement. After every major market correction, GE forms a bearish flag. It is my hope that after the pandemic we see another flag. The market corrections are labeled. The percent increase/decrease is measured left to right from the arrows. If you notice in the last two flags, the price hit the...
General Electric formed a Head and Shoulders pattern starting on June 17, 2021, and ended on July 15, 2021. This pattern was soon followed by a breakdown. Since then, the stock has been operating in a horizontal channel with resistance at $107 and $98. Look to enter the market around the lower resistance mark.
After six months of consolidation work, GE stock has put together a solid technical platform for a pattern breakout to fresh relative highs As the monthly chart of GE shows, a bullish “high handle” formed against the stock’s 38% retracement level has found support around the mid-pivot of a bottoming and bullish W pattern. A reaction in shares above the...
Long $GE CMP $105.94. Repeating trendline breakout pattern. Possible target $115.25
General Electric was once a massive power producer. Back in 2017, turbine manufacturing was the company's biggest business. Then it all went downhill. A turbine design defect (now fixed) forced potential power producers to put their purchase plans on hold. And then clean natural gas power began to lose its popularity as alternatives to solar power became more...
General Electric moves to the alternative electric technologies and break out weekly MA 200. This is good signal and start of the feature run. Good point to enter on retracement to the $10.75-12.35 levels with first target at $20 and $26.8
Composite Model -- Neutral but remains close to switching bullish Trend Bands -- Acted as support. Bullish Linear Regression -- Overextended 2 STD to the downside Trend Oscillator -- Bullish since November 2020 Trend Clouds -- Well over-expanded. Looking for a reversal to the upside. Overall: All signs point to bullish. The clouds and linear regression...
GE at the bottom of the range showing hidden bullish divergence on both macd and rsi right at the 200 moving average could see nice swing up in price towards top of the range
We are in a consolidation, and the 13.19 is a ceiling for GE, while the 12.94 is a floor. According to Al Brooks, 80% of the breakouts are going to be false, so we must be careful. The time to buy is near the support, but there’s a chance we’ll see a breakout from the 13.19. We have a possible advanced breakout in the 4h chart, and if confirmed, this can make...