GE
These patterns can make GE fly to the $13.90! 👀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 GE fly and close the gap around 13.90.
This is something that favor the buyers, but again, let’s wait for the confirmation on the price action! Also, the 20ma is right there above us, so, we must see a good breakout as soon as possible.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Bullish on General electric. GELatest set of zigzags seem like a whole bunch of flats taking up quite a bit of fibtime. This is classical of a Wave 4. A careful count confirms this at an eagle eye view. If that assessment proves to be true, then we have one more move up, and given the moves already made, it might be quite a big one comparatively.
Fibonacci goals are in green, reversal or invalidation is in red. This post is not financial advice, make your own financial advice or pay a certified professional ( you are to statistically faire better at blindly longing SnP500 incase of the latter). Playing on the market whether you are an investor or a trader is risky. No good thing is ever without. Good luck out there.
Industrials needs a breatherXLI, the Sultan, was the ultimate DOW mover. He ruled over everyone including hedge fund managers. Tuesdays action to the upside was great but gave it up at the end of the day. Wed and Thursday continued to the downside. On Friday, the Sultan tapped the 8 day EMA and came back up but closed below previous day high. The issue with XLI is the channels are small. If this low channel is to break, look out below cause I'm thinking of a 3 point move down to 102 as support. Based on HON, FDX, and UPS, Sultan's rule might be done for this coming two weeks.
GE - Great Week for GE ⚡-GE Stock Is Having a Great Week. Thank Airbus.
-An improving commercial aerospace business appears to be the reason for recent gains. On Thursday, Airbus (AIR.France) announced plans to increase output of its A320 family of jets. The European airframe assembler says it will build 45 jets a month by the end of 2021, up from about 40 jets a month now.
-The big news for GE though is Airbus’s target of building 64 jets a month by 2023. That is a big increase, and signals that Airbus believes commercial air traffic will continue to recover. Air traffic in the U.S., over the past week, is still down about 30% from prepandemic 2019 levels. But that actually is an improvement from recent months, and traffic is up about 480% year over year.
-GE makes engines for both the A320 and Boeing ‘s (BA) 737 families of jets through its CFM joint venture with Safran (SAF.France). Safran stock is also seeing gains, rising about 3% for the week and trading just below a 52-week high.
-Boeing is also looking to boost 737 MAX production rates in coming months, while also delivering some of the MAX inventories that were built while that plane was grounded worldwide between March 2019 and December 2020.
-The increased output from Airbus—and Boeing—helps more than just GE and Safran; all aerospace suppliers benefit. Shares of Raytheon Technologies (RTX), Honeywell International (HON), and Woodward (WWD), for instance, all rose roughly 3% to 4% this week. The S&P 500 is up about 1.4%.
#GE - 1D - LOOKING GREATAfter a massive uptrend ride, GE took a break during the past two months leaving a clear bullish pennant.
MACD its looking gorgeous right now.
- OPPENING POSITION: 13.5
- STOP LOSS: 12.75
- TAKE PROFIT: If we are thinking on a swing trade, 14.40 (+7.6%) would be a decent profit. But, I believe that its a great position for a long term. Lets check once we reach our first target if technical indicators validate this idea.
$GE General electric a little risky climb to exploitMy advisor Marketmiracle has generated a signal of purchase on the stock General electric to the price 13,06 with a target 13,50 with a potential profit of 3,37%
the signal is supported from a trendline of along course that is supporting the prices and from the interest of the great investor on the Stock that is increasing ( yellow wave )
Considering the low risk it could be an opportunity to take home a small profit.
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
GE Bullish 2 Wedges Inside a WedgeGE General Electric looks bullish with this continuation pattern. We can see a 2 falling wedges within a falling wedge. Check out my Youtube Page for more details on the markets I covered GE recently in a video. The fundamentals look pretty solid as well this one should do well short and long term.
Be careful with GE!Hi community! GE has a weak divergence on RSI, and it it loses the 13.07, the first target will be the 12.77, and the second target at 12.21.
Be careful, dear traders!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
GE: Complete Multi Time Frame Analysis (1h, D, W).Hello traders and investors! Let’s see how GE is doing today and do a complete Multi Time Frame Analysis (MTFA) on it!
First, in the 1h chart, we see a short-term bear trend , as we have lower highs/lows, and a purple trendline connecting the previous tops. But GE recently hit the orange line at $ 12.79, which is a nice support level.
If GE is about to reverse this short-term trend, now is the best time for it. The stock must either break the purple trendline or make a bullish structure. Now, let’s see the daily chart:
We may have a short-term bear trend in the 1h chart, but the trend is slightly bullish in the daily chart. Although we don’t have higher highs, we do have higher lows, and GE just hit the purple trendline today, which is a nice support level as well, and it is bouncing back up.
The orange line in the 1h chart and the purple trendline in the daily chart make this price level a Dual-Support zone in different time frames, something worth noticing.
Today’s reaction is quite good, but GE still must defeat the green line at $ 13.69 in order to fly again, as this point worked as a resistance twice in the past, and it seems to be an important psychological point. While this is possible, keep in mind that we are in a delicate situation in the long-term perspective:
We recently hit the green line at $ 13.26 (pre-covid high), and now the stock is dancing around this price level. It can’t drop, because it is still a strong stock, but it is not that strong to the point of breaking this resistance for good.
All that is left is an annoying congestion , until the 21 ema catches up with the price. We have something that resembles a Pennant pattern , and if that’s the case, fantastic.
The low volume is another evidence that this is just a harmless correction in larger time frames, but although this is a good sign, it'll probably take a while before GE does something interesting again.
We must be patient here, but let’s keep monitoring GE closely. And if you managed to read this far, remember to follow me to keep in touch with my daily studies, and please, support this idea if you liked it!
Thank you very much!
GE: Some patterns you should be aware of!Hello traders and investors! Let’s talk about GE again!
As we discussed in our last study, GE reacted quickly and denied the bearish pattern seen in the hourly chart of an Island Reversal , and it filled its gap. As usual, we have some congestion now, but only after it stressed the 21 ema in the daily chart. Also, if you missed my previous analysis on GE, the link to it is below this post, as usual.
Now, in the daily chart, we have an idea of a H&S chart pattern, but it wasn’t triggered yet. In fact, if GE denies this pattern and defeats the last “shoulder” by trading above its high, probably we’ll see a continuation of the bullish momentum.
Today, we had a classic Bullish Engulfing candlestick pattern, which has a good chance of working as a reversal in the next few days.
Now, to the weekly chart:
It is natural to see some exhaustion signs, after all, GE just hit an important resistance level at the green line (the high before the Covid’s crash), and it is far from the 21 ema.
We had a Bearish Engulfing 2 weeks ago, which wasn’t triggered as well, so, GE is just moving sideways, and this is a nice sign, as crazy as this sounds . When a stock goes up too fast, it must rest a little bit, but when the stock rests while moving sideways, it means the buy force is still present, then we have a sideways correction – or as I like to call, Time Correction .
So, let’s not be frustrated or surprised if GE keeps trading sideways until the 21 ema hits the price. Meanwhile, let’s keep studying it, and if you liked this analysis, remember to follow me to keep in touch with my daily studies, and support this idea with your like if you’ve read this far!
Thank you!
Head and shoulder in 30 min chart!keep it on your watchlist! crossing below 13 makes it a good choice to buy put 13 march 26!
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
Option trading exposes you to a high risk of losing your capital, never invested in any idea more than what you can afford to lose(5%).
GE UpdateI like Larry Culp as a CEO. I like the recent moves they've been making:
1. GE Healthcare launched a new wireless hand held ultrasound named "Vscan Air." GE Healthcare estimates that the market for hand held ultrasounds will grow as big as $1billioin in the next decade and they want to capture 30% of market buy 2025! This bad baby connects to a smartphone app and is entirely wireless. The device can also be used by traines health-care providers to quickly evaluate blood flow, gallbladder disease and assess and monitor Covid-19 through a lung exam.
2. Aercap merged with GE's jet leasing unit. Aercap agreed to pay $25 billion in cash and $6.7 billion in shares. GE gets $24 billion cash I believe towards their current $50 billion dollar GE Capital debt. This isn't the best news, but it shows that my boy Larry is on to something.
Details in photo!