GE D1 - worth watching for potential double top on LTF next weekAnother stock that seems to respect median lines and provides good reversal zones for option spreads strategies, especially around earnings next week
GED trade ideas
General Electric (Long)General Electric
Long
Entry at 80.49
Take Profit at 87.18 (8.31% profit from entry)
Stop loss at 77.55
GE - uptrend underway?The chat is self explanatory. Double Bottom, and then a golden cross. Finally a high volume candle on 4 Jan23 that propelled it quickly from 66.31to 71.94 (8.5%) in 3 days.
Initial stops can be placed just under the high volume candle (ie < 66.70).
However with numerous near term resistences looming, expected to face some pullbacks / consolidation along the way up. Near term dips will present good opportunity to long. Do not chase if the stock has been rising as it approach earnings release (expected on 24 Jan) as it could then more likely than not to sell off on "news" (good or bad).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
General Electric MOON boyslooking like the electricity market is going haywire in the months to come. seeming like this will take out these local highs and run to this higher level $100+ soon. As inflation continues to kick price of goods increases commodities prices should reflect that
GE-BULLISH SCENARIOThe American multinational conglomerate is one of the hottest possibilities now.
The chart formed an uptrend channel supported by strong fundamentals. With a P/E ratio of 32.65 (the industry has an average Forward P/E of 14.47), and a PEG ratio of 4.66, the company seems undervalued compared to the sector.
The short–term expectations are for the uptrend to continue to the $88-$90 resistance level.
If a breakout occurs the next resistances are located as follows:
R1 $ 100
R2 $ 116
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General Electric (NSDAQ:GE) - Is GE a STRONG BUY?NYSE:GE
The US-based General Electric (GE for short) is one of the largest conglomerates in the world. Since 2016, its headquarters have been located in Boston, Massachusetts. Around 174,000 employees work for the company in over 170 countries. The company produces a wide range of products that are in demand in industry, medicine and aircraft construction.
Operationally, the Group is divided into five business units:
Aviation
Healthcare
Power
Renewable Energy
Capital
GE has been plagued by the issues that come with industrial giants for a very long time. Large, centralized businesses frequently struggle with insufficient flexibility, excessive bureaucracy, and a lack of entrepreneurial independence for the various departments.
Then-CEO John Flannery revealed a new approach to stay competitive. Three business units within GE were to be spun off in order to reduce its size, with GE concentrating on its aviation, energy, and renewable energy businesses. Flannery's time in office ended up being incredibly brief. He was fired by the board unanimously a year after being named CEO. Lawrence Culp assumed control of his position, and the previous leader's objectives were altered. Although the method of streamlining was altered, the end result remained the same.
In the future, GE therefore targets to focus on the business units aviation, healthcare as well as renewable energy, power and digital combined as one group. Now that the spin-offs have given each company sector more entrepreneurial flexibility, the question is how those business areas will evolve. At the same time, debt reduction at GE is ongoing.
Is GE a strong BUY?
Tradingview reports that 13 out of 22 analysts rate it as a "strong buy", two analysts rate GE as a "buy", and the remaining seven analysts rate it as a "hold" with a maximum estimate of USD 107.00 and a minimum estimate of USD 72.00. The current GE stock price is USD 81.79.
The predicted EPS for Q4-2022 is expected to rise by 26% from the reported EPS from the previous quarter. Analysts predict that the EPS will rise annually by close to 50% when compared to the reported EPS from 2021.
According to predictions, income will drop somewhat in 2022 compared to 2021, by about 0.55%. However, the analysts predict that sales may rise in the years to come.
GE D ChartBullish Pattern: If it breaks above this line and holds it. There will be a change in trend from bearish to bullish
Bullish Reversal GEMACD is cooling off for the sellers and the STRAT is showing a 212 bullish reversal with a 66% win rate. Many are trapped in $85 area. In the blue are the targets based upon prior support and resistance levels. It will take its time but will make it back to $85.39.
GE Weekly View - Potential Inverse Head and Shouldersmost of my notes and thoughts are on the chart
- 3 major moves to the down side, with what appears to be a iHnS potential taking shape
--Need to see much more volume (buying) to confirm with better probability that this pattern pans out
---low volume with price increase would indicate weakness imho
- IF, this were a legitimate inverse HnS and the pattern completed:
--Target of ~$300.00 as indicated by blue horizontal trendline
--*a more conservative target of ~$195 could be made and the higher target could fail due to resistance at yellow trendline
**(marked by the yellow X and the 2nd yellow X near $195)
*Note the time frame of this trade....several years to see in totality. This is something to just keep an eye on for longer term investment
this is not financial advice, simply notes on what i see and should be used for observation/education only
General Electric remains bearish.General Electric Company - 30d expiry - We look to Sell a break of 82.98 (stop at 86.11)
We are trading at overbought extremes.
The primary trend remains bearish.
Bearish divergence is expected to cap gains.
Posted a Double Bottom formation.
A break of the recent low at 83.20 should result in a further move lower.
Trading has been mixed and volatile.
A higher correction is expected.
Our profit targets will be 75.15 and 73.15
Resistance: 86.60 / 87.60 / 88.40
Support: 84.70 / 83.20 / 80.00
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1/20/23 EXP, $GE Iron Condor Idea$GE Short Iron Condor
1/20/23 EXP.
+1 $100 call
-1 $95 call
--{current share price: $86}--
-1 $60 put
+1 $554 put
4:1 risk:reward
$GE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $GE after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 25%.
Short idea #15I'm looking to get short on this name and am hoping it chugs up a little higher to meet resistance at around $80. Considering where $SPY would be at the time(hoping for $389), I think GE will present a solid short opportunity with a decent safety net. My predicted move is drawn out.
GE: Double Bottom?!General Electric Company
Short Term - We look to Buy at 72.25 (stop at 68.61)
Posted a Double Bottom formation. This is positive for sentiment and the uptrend has potential to return. A weaker opening is expected to challenge bullish resolve. Support is located at 70.00 and should stem dips to this area. Dip buying offers good risk/reward.
Our profit targets will be 81.26 and 83.00
Resistance: 81.50 / 96.00 / 108.00
Support: 70.00 / 60.00 / 44.00
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GE (1969-2022): a 25 year bull flag?A possible bull flag from the year 2000 to 202X (unknown until breakout confirmed)
Large volume support at $50-$60/share.
Additional EWT considerations:
Wave 1 up 1969-2000
Wave 2 down 2000-202X
Wave 3 up 202X-?
General Electric Long Term BullishThe price fluctuates in a strong demand range that initiates the recovery stage of the stock.
Short-term outlook: Accumulation on each drop.
GE | General Electric | Potential Inverse Head & ShouldersGE | General Electric | Potential Inverse Head & Shoulders
General Electric is showing the potential for an "Inverse Head & Shoulder Pattern"
The price should bounce above $81 in order to confirm
this pattern.
Targets:
🎯 95.61
🎯 102.58
🎯 114.73
Thank you and Good Luck!
PS: I know that the economy may face a recession soon so let's say out of this topic😂
I am discussing only the technical perspective and what I see on the charts:)
Short scalp GEBased on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF
GE breaches Friday's low of $73.68 during Monday's session.
GEStarting to get a second daily close outside of support line on RSI along with possibly getting a daily close outside of price line. Weekly and daily RSI seem to be rolling over together. Getting rejected off of 200MA. MACD on daily getting close to crossing, and weekly MACD is under 0 line as well. Caution would be if the weekly RSI closes over 50 line.
$GE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $GE after a Positive Under reaction following its earnings release placing the stock in drift A.
GE ShortNYSE:GE
After putting in a pretty clear topping pattern, GE price action is working it's way through a descending triangle.
With rates rising, I am expecting price to fall out of the triangle and run down the pitchfork to the 0.5 to 0.618 Fib level.
Price target = $70 - $77 range.
General Electric Breaks SupportGE breaks down for a short idea, see chart for entry / stop / target.
