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GE

General Electric Buy [Go Long] Just take a look at the chart, we are in a good position to go Long on NYSE:GE General electric, if you look out for valid reasons - Below are few : 1) In 4hr chart, we have Double Bottom & RSI Bullish Divergence 2) In Hourly chart, its a Triple Bottom with RSI moving upwards 3) Check the Support area marked in Green, its along previous Resistance formed in 4hr We have attractive Risk:Reward also to go Long in GE. If you agree or have suggestions on above idea Like/Share & Leave your comments..
NYSE:GELong
by InsiderB
Broke below ascending channel - 24$ will be tested nextAnalyzing $GE's weekly chart shows us several important things: 1. The price broke below a major weekly ascending channel (thick green dashed lines) 2. It did that following a double top on the 61.8 Fib level 3. The secondary trading channel (thin green lines) was recently broken two 4. The price (right now) is below the weekly 50 SMA line and below the Fast SMA line. All of the above doesn't give $GE much chance to climb higher from current price level. 24$ is a major weekly support zone that comes with the support of the 200 SMA line. This will be the critical zone that bulls and bears will battle over longer term direction. It could act as support to push $GE for another run higher to test the top of the weekly trading range (near 27$) and the bottom of the weekly channel (bullish scenario) And.. in case that it'll break out, it could be the trigger for a longer term bullish wave. Either way I'm bearish.. it just depends on where the better sell zone will be. If you like this content, please follow and if you want more analyses, visit my site and subscribe to the Weekly Newsletter - The Weekly Markets Analysis goo.gl
NYSE:GEShort
by themarketzone
General Electric safer long after first pull backI have begun slowly accumulating $GE in Jan. after the #2 Excess Demand signal on Jan 20. Average is $24.13 with staggered stops below $24.47, $24.23 and $23.55. However, I think the real long term opportunity will present itself on the first pull back after the January bottom. This is shaping up to occur after the $25.48 (approx.) level is tagged. This is my "L7" Cyclical Resist on the chart. The initial bullish target after that pull back is now looking like the mid $26 area at my "L9" Cyclical Support on the chart. Furthermore, I want to see a $GE breakout vs $SPY (see attached chart).
NYSE:GELong
by kilo1romeo
4
GE resolved Head&Shoulders, relative weaknessGenreral Electric resolved Head&Shoulders pattern to downside and closed below the neckline and 50 EMA. That tell us about relative weakness vs broad market. In case of down scenario of SPY (check my comments on this idea in the link below), this company from Industrial Industry (etf XLI showing relative weakness probably because of tension in Iraq and higher oil prices which lead to higher costs) could be good short candidat. Resistance levels are: break down point $20.60, then 8/21 EMA at $20.80. break below yesterdays low could attract more sellers and continuation move to bigger support at $26.20, then we have 200 EMA at $25.80
NYSE:GEShort
by andrew.berg