4.24.2020 GE Bullish Weekly Divergence + Triple BottomGood to keep an eye on.
Wait for rejection of bottom + close over falling wedge.
-NFA
GED trade ideas
GE is doing admirable job holding on to $6.50Should have, would have, could have. Was expecting GE to break the $6.0 barrier and go further south. It has been top 10 in trade volume on the exchanges for a while now. Who is trading it in such heavy volume? I thought that is what the 'dark pools' were for. Why mess with retail traders and clog up the lines? Anyway, I think this will go down with the rest of the market. Till then, sideways.
Not sure how true this is - heard that pension funds, etc., cannot keep shares worth less than $5. If the GE falls below that, it will be penny stock in a flash as they are forced to unwind. Most of GE stock is with such setups. Can anyone in the know corroborate about the $5 minimum?
Finally time to buy GE? Breakout of descending triangle...I like GE just as much as the next retail trader (I don't) and it's times like these that you can put a small bet on a "for sure" dud. Remember the Tesla squeeze?
General Electric $GEIt matters how it will end up by the end of this week. $6.43 is very critical support.
GE Good Buy Available*Wait for my buy zone above
*Target6.95,stoploss5.95,entry6.12 mentioned above
*aggeressive buyers buy at 6.12
*concervative wait for the reversal
*strictly maintain stoploss
*Risk Reward is 4.5
*Don't miss the opportunity because good R/R
*Follow Me to get regurlar updates
*Show me your support and thoughts in comments...it'll help me to do more analysis/day
*Good Luck*
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.
GE | BearishLooking at the long term chart; GE looks bearish as it will retest a support from $4 range to $2.90 and it should hold the monthly S/R. Watching how it plays out
SHORT Short by put option to weekly level support $5SHORT Short by put option to weekly level support $5
General Electric shorter time frame scenarioWhat my outlook is on GE depending on Market news. Keeping eye on RSI and Sell off pressure. Sellers are exhausted overall in Bigger time frame.
GE Long Scalp Setup for April-May 2020Long Scalp: Wave C of 4, targeting $8 = +15%
Stop-loss: $6
Overall trend: Bearish down to approx. $5
GE Good setup long term i have mentioned the bearish move that we had near 13$
Now we have Opportunity to long the GE for
Head and Shoulders on GEDownside on GE. It was understood that GE would not be able to survive a recession. We sure are facing a recession.
GE In a REALLY Bad Spot - Keep an eye out for $5.50 I think seeing how far back these resistance and support lines are there is a 3 test around 5.50 that will absolutely hold up if it breaks below. Honesty GE has some insane resistance in so many ways. Hard to say where to play it except I an say anywhere in the $4.15ish-$5.50 range if it gets that low could have some quick upside. Still wouldn't keep it for long. Unless you think GE is going back to it's glory days. Then 4-6 bucks is a steal. Not super sold on GE until they make a move internally to make them a great company again.
This stock is maybe the best if you are iffy about support/resistance to test out on a higher scale. Watch these levels from the 80's and 90's make stock prices move 30 years later. Support and resistance, volume and the news >
GE: Just testing out a predictionThis testing this out. Haven't read charts in a while.
Impulsive Move up followed by an Expanded Flat Pattern.
MACD shows over sold.
I would buy at around $7, sell close to $13-$14.
Possible 100% gains.
Long GE Strangle 6/19Look for GE to touch it's $6 support again before making another run up. I recently said GE would bounce off of that support because it is such a strong support. It hasn't broke ~$6 in 28 years. Yes, GE laid off of 50% of aviation today, but they are freeing up their balance sheet. They recently freed up $20 billion in sale. GE moves with the market so anything can happen, but I don't see them falling past $6.
I'm running a long strangle.
26 6/19 $10 calls @ .15
21 6/19 $4 puts @ .18
Closing out the short leg when GE gets around $6 and then riding the calls back up.
Thanks for reading.
