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GE

GE: The single most important price level for GE!Hello traders and investors! Let’s talk about GE today! It is my first analysis about it, and I hope it helps! First, in the 1h chart we see that it is trading slightly under the black line at $ 13.27 , which is a Key Point, as it worked as support and resistance alike, in the recent past. If GE loses this point for good, we can expect a sharper pullback in the daily or even the weekly charts. If this chart pattern confirms to be an Island Reversal , then it is almost certain that it’ll seek lower levels. In order to avoid this scenario, GE must react quickly, and fill the most recent gap in the next upside movement. Now, let’s see the daily chart: Today’s candlestick is quite intense, but the day is not over yet, so, we still might see a reaction. But it seems GE is going to seek the 21 ema in the daily chart at least. The trend is still clearly bullish, and pullbacks shouldn’t be scary at all. The 21 ema is an interesting support level, and any bullish reaction around here could be an opportunity to buy. The problem is that the pullback might be more intense than we expect. See, the black line at $ 13.27 is still visible here, and it seems it is older than it looks, despite the fact it is still working wonders in the 1h chart. The weekly chart will give us an answer: Yep, the black line is the top level prior to last year's crash. It is amazing how the market still remembers this price level, and how it works very well in the 1h chart more than one year later. The problem is, if it closes under this black line in the weekly chart, the market will see this as a Dark Cloud Cover candlestick pattern, and the technical target will be the 21 ema in the weekly chart. This could lead to a pullback that would last for some weeks, but still, won’t be enough to change the bullish bias seen since Sep 2020. In fact, it could be an amazing opportunity to buy, at a cheaper price. Let’s be prepared for this scenario and wait calmly for more clues. If you liked this analysis, remember to follow me to keep in touch with my daily studies, and if this idea helped you, please, support it with your like! Thank you very much!
NYSE:GE
by Nathan_The_Finance_Hydra
7
Timeframe expectations on GE 50 days to 16If the past 60 days are any reflection on GE stock we expect this extension to continute for $GE for another roughly 45 days that would get us comfortably to the 16 dollar range. An extension above that point is very likely if we continue to see increased air travel and new orders for aircraft (that use the GE engine) and also industrial machinery orders continue to pick up. With the additional stimulus dollars that are coming into the market, institutional investors could start to switch from growth to value stocks making GE and other staples a perfect option. We are long from 6.25 and 7.4 respectively looking for a 100% return on this long term trade.
NYSE:GELong
by swimmax
1
A safe bet for next week..!Potential gain:12-14% Reward/Risk:3.5 Timeframe: 1-4 wks 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..!
NYSE:GELong
by Moshkelgosha
8
GE cup handle chart w/ promising shoot upI am by far no expert, just having fun charting and seeing patterns... Pre March Covid crash, GE was in an upstream, which got halted by the crisis, rattling it down stream towards the bottom of the cup, where it traded sideways, until about late Sept/Oct where the two straight lines intersect, whence an upstream trend started until about early December where a handle panorama started to form, with a lot of consolidation, where perhaps many investors were taking profits from pre-Covid price ranges. In this current Handle zone (we are in the neon small green line now where today we saw a lot of momentum up pushing through resistances), GE seems to want to shoot up beyond the two parallel resistance lines, but I suspect more profit taking will take place, so I imagine some turbulence ahead there, as it consolidates, before piercing through its resistance lines, where price actually just recently hit on Earning Report day on 1/26. A seemingly classic Cup Handle form, which could work to our benefit. We shall see! The fundamentals of the DXY lower with the 10 Year Yield higher pointing to a stock market positive scenario, propped by high crude numbers, and Federal Bank supporting economic tools, feels to me like a ripe time to go LONG on GE. Good Luck trading!
NYSE:GELong
by msfairym
Elliott Wave View: General Electric (GE) Has Further Downside inShort Term Elliott Wave view in General Electric (ticker: GE) suggests the rally to January 13 high at $11.91 ended wave (3). The stock is now in wave (4) pullback and the internal is unfolding as a double three Elliott Wave structure. Down from wave (3) peak, wave ((w)) ended at $11.25, bounce in wave ((x)) ended at $11.65, and wave ((y)) lower ended at $10.87. This completed wave W in higher degree. Stock then bounced in wave X which ended at $11.33 as a zigzag Elliott Wave structure. Up from wave W at $10.87, Wave ((a)) ended at $11.18, and wave ((b)) pullback ended at $11.11. Wave ((c)) higher ended at $11.33, which completed wave X. GE then turned lower and broke below wave W at $10.87, suggesting the next leg lower has started. Near term, while rally fails against $11.33 in the first degree, expect further downside in the stock. Potential target lower in wave (4) is 100% – 161.8% Fibonacci extension from January 13 peak which comes at $9.65 – $10.29. Once the stock completes wave (4) pullback, it can then resume higher again in wave (5) to a new high above wave (3) at $11.91.
NYSE:GE
by Elliottwave-Forecast
1
GE long in to earningsGE typically trades with air lines and BA as the main provider of turbines etc. but this year I believe GE will be an epic turn around story. I like GE for MANY reasons but as the new administration comes in with a focus on clean energy we know GE will be a huge player when it comes to wind energy. I don't believe this is factored in to the stock. Internally, there's also major turn around going on and the new leadership's changes are just now starting to gain traction. This entry point should be good for both long term holds and short term trades.
NYSE:GELong
by PaperGains
PFE 37: Boring but good Risk/Reward in a dangerous market PFE is an enormously profitable company that is not in fashion with the momo crowd or the new kids chasing sexy names. It is however an A+ company with staying power and good dividend yield, a better alternative to bonds in today's near-zero interest rate. As SPY correction is highly likely, it is perhaps a place to park some cash. Also, the market has shown some interest in routing into real economy stocks (with real revenue and profit). TGT, WMT, GE for instance. Technically it has turned upwards, after a sharp and quick sell-off from 43, after all the covid vaccine news. 1st Target is 40.50 To be long around 37 or sell PCS of 37/33. If needed lunch money, one could also sell ATM weekly calls that give out a 2% weekly premium. This is a plan, obviously not any sort of advice.
NYSE:PFELong
by Jonas99