GED trade ideas
General Electric - Long Trade Pending Further upside expected after Capitulation and depleted supply ....... I will use a simplistic method of Wave Analysis as waves are subjective. However, price levels will be used as a countermeasure to offer objectivity in an attempt to keep the right side of the market
RSI at extreme oversoldRSI at extreme oversold, triple bottom. good to buy at market, good to buy at market with TP @ 10.00
GENERAL ELECTRIC ($GE): ...but All We See is Negative Currency✨ Drop a comment asking for an update, we do NEW setups every day! ✨
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General Electric's chart looked bearish before COVID, and it still looks bad now. GE has some interesting stuff going on, its bouncing off its 29 year low, it put in a bid to re-engine a B-52 fleet. Lots of reasons why things could start looking up for GE, but for now it makes sense to play the trend. We are running up to some resistance here after a little rebound, and with that we are looking to enter short.
Resource: seekingalpha.com
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1. Fractal Trend is showing a downtrend (Maroon bar color) on the 1 hour timeframe as GE continues its low downward spiral.
2. With this strategy, we are looking for short setups in a downtrend and as such want to enter short on retests of bearish order blocks plotted by Orderblock Mapping (Maroon line color) and/or bearish S/R levels plotted by Directional Bias (Maroon line color).
3. Right now we are looking for a short entry off the range fromed by the previous S/R flip and bearish orderblock at R1.
4. Our stoploss is placed above the orderblock to protect capital if for example the markets manage to run tomorrow or some bullish GE news comes out. Otherwise our target is the S1 S/R flip.
The only note here is that we are going to want to see how the market opens before rushing to short this. All the major indexes are at resistance right now (see the related ideas below). If the indexes can break resistance, or if some good GE news comes out, then we want to hold off shorting this and eye some higher levels like the R2 Orderblock + S/R flip cluster.
Good luck fam!
General Electric Technical Analysis - HOLDThe Market is still moving in a sideways trend, no a lot of signal of buying/selling from both Technical and Fundamental analysis, so the better option seems to hold.
GE - Potential Wave 5 in progressPotential E.Wave 5 in progress
EMA indicators all +ve
Potential target reaching $14
Note:
This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop Loss in place. If you like the analysis, please give a thumbs up (at the bottom of the chart). Thank you.
$GE long opportunity but entry near by 4.4 With goal at 8.8Recently broke the bottom and falling further but could be nice long opportunity if it can bounce from 4.5-4.4 with good volume which will open the gate for bull wave targeting 100% revenue to area of 8.8
GE BULL RUN | Bounce Off Monthly LevelGood afternoon Traders,
Today we made a few weekly GE plays playing the continuation.
Plays Made:
- $6.5 Call 5/22 and 5/29
Looking to grab much longer-term contracts ASAP.
Potential Plays:
- 6 Month Play | GE $10 Call 9/18 @ $10 Per Contract
- [Far out the money ] 6 Month Play | GE $19 CALL 11/20 @ $3 Per Contract
Do not trade this, not financial advice
DotcomJack
$GE at resistance on 2HR chart short termStill holding June 8P 1/3. watching for a break over this area to close rest of position otherwise hold for the next move down. over 6.60 bullish short term, under 6.20 is back to your regular scheduled program. $DIA
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 5.15.2020 Long - Bullish divergence monthly, double bottom 09Long with tight stop loss.
GE is not going anywhere, maybe restructure.
-NFA
A silent message from GEGE almost back on 1987 level . Yet, army of Robinhood broker is buy this stock like there in no tomorrow.
Inflating VS deflating bubblesPrices do not go up forever. What goes up eventually comes crashing down.
If I told you in the late 90's that GE was going to see under $6 you would say I was crazy.
This chart is intended to compare the deflating bubble of GE with the current inflating bubbles of Google, Amazon, Apple, and the notorious BTC.
While you are in a bubble it is hard to determine exactly how much it will inflate until it pops so we could see them go higher but for how long?
Which of these would you rather invest in?
General Electric - GE holdGE Technical analysis:
Hold until the right signal for both Ideas:
- Short Term - go shirt/sell
- Long Term - go long/buy
GEwho is going to save it now? let it die? what are the chances well i think they won't but i think this time goverment will let buffet and friends save this zombies companies on 2018 warren was saying that they would buy it at the right price but what is the right price?
2008 warren made a mistake and bought the company before it bottoms and had to wait a long time to make his money back what is the price i think he will make it different this time maybe 2 to 3$ a share .
Down channelHow long has it been in this channel? Long enough. Market pull back will be dangerous for GE. Laying off some of the brightest men/women in the aircraft engines division was not enough for the market. They want more. You can hire a monkey in a suite at any time. Can't get back years of engineering experience and skills once gone. I think GE is killing its best parts to keep the gangrene of management stuck to it, sucking it dry till nothing is left. Leadership at GE died decades ago.
GE: about to explode?This stock holding on at strong support above 6$.
The 240 min chart shows possible breakout of the triangle pattern.
On the bull side : breakout can push GE to the target area ( in green ) as first target.
On the bear side : massive sell off possible if support not holding. stay tuned!
Long opportunity for GE in Wave C long target $8.36Looks like possible ABC zigzag pattern for GE, just finishing up Wave B as Wave A was 5 waves, we can expect Wave B not to break the starting point of Wave A. Fib extension has a target of $8.36.
Descending Triangle - Bottom ReversalDescending triangle indicating the bottom for GE and a potential reversal soon.
