OPENING: GE OCTOBER/JUNE 4/7 LONG CALL DIAGONAL... for a 2.38/contract debit.
Metrics:
Max Loss: $238/contract
Max Profit: $62/contract
Return on Capital at Max: 26.05%
Break Even: 6.38 versus 6.95 Spot
Debit Paid/Spread Width Ratio: 79.3%
Notes: Another small, bullish assumption engagement play while I wait for April opex.
GE
Interpace Biosciences - $8.39 TargetOrder filled at $4.45 (0.886 fib lvl)
Stop loss at $3.50
Target at $8.39 (0.618 fib lvl)
General Electric - GE Technical Analysis vs Fundamental AnalysiBased on Technical Analysis, we are just waiting the right signal to buy - but HOLD for now
Fundamental Analysis would suggest to hold.
On Monday, GE announced it will cut 13,000 jobs from the Aviation payroll, amounting to 25% of its workforce.
This news has already been discounted by the prices.
For the rest of the year, GE expects to reduce operational costs by more than $2 billion and save over $3 billion more in "cash preservation activities."
General Electric has had a difficult run in recent years, weighed down by market-topping acquisitions and a huge debt load. The company showed signs of a recovery in 2019, but the shares are now down 44% year to date in 2020.
We knew heading into 2020 that GE had serious issues with its energy business and with other units, and still had work to do bringing down debt. Aviation was supposed to be a counterweight for those issues, providing earnings stability and free cash flow.
GE ready to catch up w/ the rest of the market!General Electric looks ready to catch up with the rest of the market. It continues to be held down and consolidate. I expect quite a comeback from a company that certainly isn't going to vanish. I fully expect this to have a full recovery. 50%+ gains in the short term. Check the chart and let me know what you think! Happy Friday all!
GE testing prior lows as GoNoGo Trend remains strongly "NoGo"GE is testing the March lows on the Daily GoNoGo chart. There hasn’t been much to be bullish about though for General Electric as the GoNoGo Trend indicator is consistently painting bearish purple and pink bars. While there may be some support at these levels the prevailing trend is down.
In fact, we recently saw a red re-entry circle which signaled a renewed push down to these lows.
As you’d expect, the GoNoGo Oscillator has been negative during this entire move and has found resistance at the zero line.
We’d need to see enough bullish momentum to push the GoNoGo Oscillator above zero before there would be any confidence that this downtrend is over.
General Electric Technical Analysis - Stand AsideNYSE:GE
Technical Analysis seems to have found a signal to buy up to $6.85, but due to the Fundamental info, I would stand Aside right now.
The Issue between China and USA over the COVID-19 might impact on GE Business (59% of its revenue is outside the USA).
Credit Suisse lowered its price target on GE to $8 (they might be on Hold)
Long term investment, we could see GE stock rise over the next three years to $13, or even $20 per share.
GENERAL ELECTRIC CO (GE) Monthly, Weekly & DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
GE - General Electric - Wait for the Earning ReportGeneral Electric (NYSE:GE) has terminated orders for 69 Boeing 737 MAX
Based on Fundamental and Technical the market should go down.It Seems that it might reverse to bearish - Volume does not confirms a potential reversal pattern
General Electric (NYSE:GE) is scheduled to announce Q1 earnings results on Wednesday, April 29th, before market open (US Time) - in a couple of hours
Estimate Earning Report Results:
The consensus EPS Estimate is $0.08 (-42.9% Y/Y) and the consensus Revenue Estimate is $20.34B (-25.5% Y/Y).
GE is in a Downtrend; Looking at Levels and Waiting for An EntryGE is an a clear downtrend. We closed a successful short but are currently neutral.
NOTE:
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STRATEGY USED:
Momentum Mover
Trend Confirmation = Fractal Trend
Entry Signal = Breakaway Scalper
Exit Signal = Breakaway Scalper OR Orderblock Mapping
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DESCRIPTION:
1. Fractal Trend is showing a downtrend (background color Maroon).
2. We previously had a successful short signal with Breakaway Scalper signaling short (Red bar color) while Fractal Trend also signaled a downtrend (we only take trades with this strategy when Fractal Trend AND Breakaway Scalper agree on the trend).
3. Currently Breakaway scalper is neutral (Grey bar color).
4. We are looking for potential reactions off of the bullish order block at S1 or the range at R1. Meanwhile, we will be looking at R2 and R3 if R1 does not act as resistance.
5. The only actionable play as long as Fractal Trend is Red is a short signal from breakaway Breakaway Scalper, thus we will be watching the noted levels as possible spots for Breakaway scalper to signal a continuation of the downtrend.
Possible Ascending Triangle on GEAs the market looks like its rebounding from the coronavirus scare I'm looking at longing GE. It has some positive fundamentals right now along with an ascending triangle forming. I also like the bullish hammer candle from last week which is why i'm jumping in a little early as opposed to waiting for the 3rd touch at the top.
GE is correlating with SPY todayCorrelation trading strategy idea analysis.
Today I showed you possible correlation trading of $MSFT.
This was an example of an expensive stock.
In this idea, I will show you again possible correlation trading on the example of $GE.
$GE is a cheap stock, so it is good for correlation trading with a small deposit.
Look at the $SPY and $GE charts.
Actual corresponding support&resistance levels look so much alike.
Correlation is good enough to expect future similar moves.
Following the correlation trading strategy, it is reasonable to wait for correlated level breaking.
When $SPY and $GE simultaneously break their resistance levels, It will be possible to buy $GE.
When $SPY and $GE simultaneously break their support levels, It will be possible to short $GE.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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