GED trade ideas
Ge is a clear reversalBeen playing since 11 now at 11.99 about to break 12
Already trigger reversal at 11.60 11.80
Double support
Rsi bouncing and ma
$GE11.8 fresh demand good level to add calls for scalp (risky) - More conservative entry near 11.55 level, as there's confluence with triangle breakout level.
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 ascending triangle breakoutGE bakkt test and run off of the ascending triangle. target area is the golden retrace zone between the .382-.618
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 -
ge w,m viewsOn the left we are starting with the weekly just hanging inside just made a mini support on the chart let's see if that can breakthrough @ $10.75 or bounce up and try to give GE life unfortunately we are not know where this is going. Over on the right we're looking at the monthly just inside the triangle let's see if 2020 is a turnaround or another death wave
General Electric (GE) Long PlayGot some GE monthly calls a few days ago on the bounce off support line. Chart lined up with news of GE being a "stock to buy" in 2020. Got in at the support spot rather than waiting for momentum. Broke the 11.20 spot at the eod yesterday. We'll see how it holds up.
Worth keeping an eye on GE for potential breakoutGE gapped up on the last earnings release. The stock managed to get past some resistance levels as well.
The price action is forming a nice tightening range recently (as many stocks have over Christmas).
It may be worth keeping an eye out for a breakout.
Simple formation.
GE at key W resistance | Opp. for shortGeneral Electric has reached a key daily and weekly resistance.
It has already re-tested this resistance and I would like to use it as an opportunity. Now, if the price will have really weakness it should drop and filled a market gap at $9.70 which would be also our target.
If there will be no strength in our resistance I will immediately cut this trade, because overall this stock looks very strong in the short term. Take this idea as some relief to take more longs at $9-10 levels.
Potential Bullish Count...Bullish count plotted with high prob zones...critical support must hold to keep bullish count intact.
GE - DAILY CHART Hi, today we are going to talk about General Electric and its current landscape.
General Electric is poised to receive increasing attention from the market as relevant events are taking place. Despite the good of year of the companies, some mixed events can shift the balance of sentiments; on the concerning side, GE might make a significant blow from the Boeing decision of halt the production of the 737 MAX jetliner, which engines GE is responsible for producing. The optimistic case is built around the hope that General Electric CEO Larry Culp could revert this seatback as he managed to increase the company credibility and the dividend report that is nearing.
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General Electric (Weekly Chart)General Electric | From once being an industrial behemoth of the world, the trajectory of the GE share price is reflective of a major economic and market crisis – except we are not experiencing a crisis. A review of the weekly chart sees very similar price action as was the case during the 2008/2009 market crash when it fell by 80% from September 2007 to February 2009. At current levels, the recovery appears very similar to when we saw the share price rebounded off depressed levels and cleared it’s 40-week moving average. The Relative Strength Index has also made a 3 1/2-year high, reflecting the strength of the current move. When do traders/investors buy this name? On a pullback to the 40-week moving average. Current price: $11.34 / 40-week MA: $9.86.
GE Pattern & ForecastGE Elliott forecast. We are in wave 5 of larger wave 3. Should see a little more upside before a larger wave 4 breakdown to the dashed horizontal lines below price. Wave 4 should be an ABC pattern and may take a week or two before completion. Upon completion of wave 4. Look out for larger wave 5 and lots of upside momentum.
Happy Trading!
NYSE:GE
$GE Trade setup in General ElectricPurely a technical trade as the fundamentals in GE we believe do not deserve any bullish sentiment.
Entry level $11.41= $12.31 = $11.16
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. The Power segment serves power generation, industrial, government and other customers worldwide with products and services related to energy production. The Oil & Gas segment supplies mission critical equipment for the global oil and gas industry, used in applications spanning the entire value chain from drilling and completion through production, liquefied natural gas and pipeline compression, pipeline inspection, and downstream processing in refineries and petrochemical plants. The Aviation segment products and services include jet engines, aerospace systems and equipment, replacement parts and repair and maintenance services for all categories of commercial aircraft; for a wide variety of military aircraft, including fighters, bombers, tankers and helicopters; for marine applications; and for executive and regional aircraft. The Healthcare segment products include diagnostic imaging systems such as magnetic resonance, computed tomography and positron emission Tomography scanners, X-ray, nuclear imaging, digital mammography and molecular imaging technologies. The Transportation segment engages in global technology and supplier to the railroad, mining, marine and drilling industries. The Appliances & Lighting segment products include major appliances and related services for products such as refrigerators, freezers, electric and gas ranges, cooktops, dishwashers, clothes washers and dryers, microwave ovens, room air conditioners, residential water systems for filtration, softening and heating, and hybrid water heaters. The GE Capital segment offers financial services and products worldwide for businesses of all sizes, services include commercial loans and leases, fleet management, financial programs, credit cards, personal loans and other financial services. The company was founded by Thomas A. Edison in 1878 and is headquartered in Boston, MA.
Potential Bull Flag in General Electric as Industrials ClimbIndustrial stocks have come to life since early October as investors look for the economy to recover from the U.S. – China trade war. Now one of the biggest and most liquid names in the entire sector is rebounding from a pullback, and a classic bull-flag continuation pattern may be taking shape.
General Electric reported a potentially transformative quarter on October 30. Strong free cash flow dispelled worries about its balance sheet -- similar to the story in Tesla . In both cases, big obstacles that once kept some investors on the sidelines could be going away.
GE gapped higher after that report and then pulled back. It found support at the same $10.70 - $10.80 area that was resistance in June and July. It's climbing again today following an upgrade by UBS, which raised it price target to $14.
It is a strong news-driven move with the potential for brief consolidation, so traders may find some opportunities closer to $11.20.
Energy is another potential catalyst because GE owns about one-third of oil-field servicing company Baker Hughes . This has also been one of the stronger niches in the market over the last week, and also stands to benefit from trade optimism potentially lifting crude.
$GE Buy rating for General Electric Entry level at approx $11.25 with $12.60 piece target just below monthly horizontal resistance
Analyst change prompts UBS to upgrade GE to Buy from Neutral UBS analyst Markus Mittermaier assumed coverage of General Electric from prior analyst Damian Karas and upgraded the shares to Buy from Neutral with a price target of $14, up from $11.50. The stock closed Wednesday at $10.97. The shares are at a "positive inflection point" into 2020 given GE's successful de-levering, "strong" estimated earnings growth in 2020 and 2021, and a tripling of free cash flow to $2.3B next year led by Aviation and Healthcare, Mittermaier tells investors in a research note. As a result, the analyst expects the stock's narrative to change from "significant cash drag to successful transformation." He sees 26% upside in GE shares
Source thefly.com
