GE trade ideas
GE - Still Chugging Along!GE is up premarket on a strong earnings report. Although guidance for this year came down a bit, cash flows are projected to be better than expected. Management is committed to turning things around and keeping the momentum going. Premarket the stock is trading around $12.50-$12.70. This is above the outlined channel and should be the push that gets the stock to $13.30. This is a name that I am adding to on any pullback. Need to monitor the situation with the 737 MAX. GE did say that their projections are based on the Max resuming flights this summer.
Future path for GE?Is a rebrand in store for GE when we start using wireless electricity? Look up Zenneck Waves and companies like VIZIV and Zenneck Power. There is already an operational tower in Milford, TX. I'm sure GE will become involved in this tech if they wish to remain an industry powerhouse for centuries to come.
General Electric: New Bull Cycle starting.GE is on Higher Highs on the 1W chart for the first time since August 2016. That was the last peak before a strong 2 year bear cycle hit the company. As you see on the chart General Electric's trend is a parabolic Channel starting with the All Time Highs in 2000. This long term curve has entered its asymptotic phase and may initiate the recovery back to the ATH.
At this stage however we choose to focus on the next Bull Cycle which based on the following parameters is about to start:
* As mentioned Higher Highs on 1W.
* RSI on a Channel Up.
* Long term support at 5.50 holding.
A Golden Cross will simply confirm the new Bull Cycle. We are still in the early stages, GE is an excellent long term investment for your portfolio.
Our Target Zone is 28.00 - 32.00.
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GE (General Electric), Look at this Mirror Level!..In this chart, you can see a nice example of how Mirror Levels works.
If you see such a situation you can open your position with a nice risk/reward ratio!
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GE - revisited!GE moving along as expected. Consolidating impulse leg that took out two prior peaks. Looking for next move to $13.63. I expect this stock to be a winner this year. Larry Culp doing his thing and turnaround is a process. Is it sexy? No. But if you're looking for conservative plays within this crazy momentum market this chart looks very traceable to the upside. Moving averages all look nice. RSI and MACD may move sideways a little longer but I do not expect this stock to give up much. Nice FIB support here on both the impulse leg and the breakdown area from Oct 2018. Be patient here.
GE 1 month Boom or bust?We have two scenarios on the table for GE here. If it holds support at the 89% fibonacci level then we can expect a potential move much higher shown with green boxes as targets. I derived these targets using fibonacci extensions. the elliot wave subwaves are in yellow.
If it breaks below the 89% fibonacci level we can expect a potentially devastating scenario with it going to zero.lets stay optimistic and go long with the stop just below the 89% fibonacci level as it seems the more likely outcome.
Good luck and happy trading
General Electric Trade setup Entry level $12.50 = Target price $15.50 = Stop loss $12.00
Levels of Interest = $12.32 daily resistance
Bullish outlook for the stock as sentiment and technicals look more and more positive. Hated in 2018-19 its finding some love.
Average Recommendation: oVERWEIGHT Average Target Price:$12.13
10 BUY
00 OVERWEIGHT
09 HOLD
02 SELL
Company profile
General Electric Co. is a technology and financial services company that develops and manufactures products for the generation, transmission, distribution, control and utilization of electricity. Its products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products. The company operates through the following segments: Power, Oil & Gas, Aviation, Healthcare, Transportation, Appliances & Lighting and GE Capital.
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Long GE in Sept of 2028 - If you're still alive!NYSE:GE
Go ahead, my flame suit is on! :)
Rising Market - Triangle Correction Pattern
Trade:
Long in 2019
Sell in Mar 2026
Long in Sep 2028 - Ride this pony until retirement or gift onto your family.
NOTE: Not investing or trading advice, entertainment only!
GE: Huge signal in both weekly and monthly timeframes...Relative strength in $GE is through the roof here, and very interestingly it comes while insiders are buying shares, after the CEO was fired and the stock removed from the S&P500 index. These are STRONG bullish signals, and not to be ignored.
The fact the stock broke into new 52 week highs, on big volume, while the market was down sharply is a clue here.
I'll be buying into a half position at market open and looking to add on retrace if viable later on.
Cheers,
Ivan Labrie.
GE - revisitedI wrote about GE here a few weeks ago as a name I like for 2020. Yesterday it had a monster move up after consolidating the impulse leg that took out two prior peaks. It was stopped dead in its tracks yesterday after a stretch to the peak that started the downtrend late October last year. I see new money entering and staying with this name. Always have to beware the Stephen Tusa research report but any hits from his reports should be looked at as buying opportunities. I don't expect this to give up much. Looking for $13.25-$13.70 which marks the two FIB tops outlined in the chart.
GE 07.12.19 LongAsset and Time frame -GE,4H
Entry Price -11.10
Exit(Stop Loss) -10.74
Exit(Take Profit) -11.96
The range between stop loss and entry - 0.86$
Technical Analysis -Daily chart is bullish, weekly chart just retested the 100 Daily SMA after making 2 Engulfing bullish candles,4H chart made a pullback and now made an ABCD pattern on the -61.8 Fibonacci level with a good reversal candles& volume.
What can be improved -
Conclusion & End of Trade -