GE trade ideas
GE Elliott Wave?GE in a mid-Elliott wave. We are going into a "C" correction wave which potentially means a correction to ~8.5%. Thoughs?
$GE - golden crossAlready holding options. This is like watching paint dry for it to get it's pump. But I do think it is coming.
GE Trade IdeaNice flagging here, would enter above trendline break with nice volume, stop loss at 10.20.
General Electric, Buy position at $8I see a reversal taking place, against a bearish long-term trend.
TP 1 will possibly hit.
TP 2 will take a long, long time to hit
TP 3, I honestly think, will not hit for at least 5 years or something.
If you are a short term trader, take profits at the Red Resistance line at $18.55.
If you manage to catch a long at $8.09 and take profits at $18.55, you should walk away with approximately 132% return on that trade, after factoring in spread costs.
I haven't included holding charges for holding stock, if you are leveraging.
I see this as a high risk stock *it has lost a lot of it's market capitalization over the years*, quite volatile, so would use a low lot size, or avoid leveraging for good risk control.
-Divit-
The gap is filledI see here a filled gap and short potential - 11.30 is a significant resistance.
In the next weeks it could be triggered again to rise, maybe a bit higher.
Which way for GE?Pivotal moment for GE as we see the GoNoGo Oscillator on the daily chart riding the zero line now for some time now as highlighted by the climbing grid of the GoNoGo Squeeze.
We will watch to see if there is support here and if the oscillator can break out of the squeeze into positive territory which would be bullish for price. If the oscillator is unable to find support at zero, and breaks down into negative territory this could lead to a change in trend above.
Perhaps, if an investor is looking to take profits, a look at the shorter term chart can be valuable. The 4hr chart on the right shows that in the shorter time frame the GoNoGo Trend has already detected a change to a “NoGo” trend. This came a few bars after the GoNoGo Oscillator was unable to hold the zero line.
$GE - golden cross$GE golden cross coming soon. It is a pattern I enjoy playing. No chart pattern or chart indicator is a guarantee.
Golden crosses on the horizon (within 1-35 days)
AA - I want in, but afraid
BAC
BOX
CARS
DBX
GE - Im in
HAS - Im in
LYFT
MLHR
MMM - Im in
NTAP
NTR - Im in
URG
WB
NNDM - Im in
ADS
BA
C
CONN
COTY
CRON
CSCO
EBIX
GNUS
JWN
M
MIXT
MO
NCLH
PSEC
SPG
UAL
WTFC
SPYD
EEFT
FNB
BNS
Recently golden crossed and no where near entry or entry is still good to play the golden cross
OLN
RVLV
AXP
IMMR - Im in
DFS
EXPE
F - Im in
FBC
FCEL - Im in
IDEX
JPM
MET
MOS
STT - Im in
ULTA
WEX
Personal plays and cashed out today on golden cross:
IDEX +50%
MET +27%
ULTA +18%
a couple outcomes as alwaysjust like last update i said we could see a dip to the red circle, its coming true but i dont know if ill add calls on this dip. i might just do shares since ge is a pretty slow mover and runs .50cents to 1 dollar max on a great day... gl :)
General Electric Stock AnalysisThe Idea is to go long but only if the 11.3 USD resistance level will be broken.
The other option is to wait the end of the price retracement and when it reaches the 8 USD go long again.
9 and 10 USD might work as support for a new rally.
NYSE:GE
GE downtrend prediction GE show downtrend indicators according to MACD that shows overbought with negative cross between MACD and MACD signal. Also the price has been breaking the second uptrend which started to creat it on 12 NOV.
best strategy for now, is to short the stock or to buy a put option and the target will be 8.73 according to Fibbonatchi retracements.
Buy the stock progressively at Fib 38.2% and 50%.
GE is approaching a key resistant level at $11.35
My trading hypothesis is that GE reaches $11.35 before Christmas and then consolidates while waiting for its upcoming earning.
I will be aggressively trading it if it undergoes significant pullback (<10?).
GE 30-11-2020 LongAsset and Time frame -GE,1H
Entry Price -10.25
Exit(Stop Loss) -10.04
Exit(Take Profit) -11.17
Technical Analysis -Price action broke a confirmed daily trend line, price made an ABCD pattern on the Fibonacci level and reacted perfectly to the -61.8 level
What can be improved & Conclusion & End of
Mr. West Daily notes Report no. 2Based on a technical analysis for the month of December, a few stocks are showing signs of an up trend, down trend and consolidation. Here is a separated break down of stock companies.
Trending up: ROKT, MICT, ZYNGA, HERO, HERO, DENN, GE, NCLH, BOTZ, MVIS, SNE, SAVE, CCL
Trending Down: NIO, CAN
Consolidating: AESE, UA, NKLA, JBLU, CRON
Majority of the stock that are at a up trend are companies that are technology and industrial type. Both (HERO and BOTZ) ETFS are up so that is a clear indication for long term investments. The down trend stocks are also sharing some relative signs of having a strong up side based off being over bought this past month. However, there will be another progression of the down trend stocks reversing its down trend into an up trend.
One stock company in particular has also shown signs of sales increasing due to weather season changes. In the event of the U.S. economy taking a hit through the COVID-19, General Electric stock (GE) has grown with a 5.77% this month. Based on the U.S. climate changing to colder temperatures, there has been a growth of sales and revenue. GE supplies Heaters, Stoves, and Electric powered devices to warm homes. (See image link Below)
GE has also shown patterns of spike in sales during this time by using technical chart breakdown of looking at the charts past movement around the months of October to December. With the first signs of snow in the South Eastern part of the U.S., this may indicate that the Company may have a great increase of its share price due to colder temperatures.
GE Double TopGe had a double top, in addition to a momentum divergence. This is obviously not a long term trend reversal, but could be a short term fall. Wait until the tock breaks below the neckline. Thanks, like and follow.
