GECL trade ideas
was it...As GE Goes So Goes the Nation? ....im just thinking GE might break out from this level and move up a good bit. As i thought about it i realize the equities are back up to high levels. So im thinking maybe GE and the broader markets will all breakout together.
comments pro or con always welcome
GE - Down TrendLooking at GE towards a downtrend towards 8 which was the previous low in mid Aug. The top Green bar shows where previous support has turned to resistance. The next possible support is marked by the green rectangle box.
Further, ADX shows a climb above the 20 level and shows that the bears are in control for the moment.
GE ... just thinking out loudGuidelines
• Impulse wave subdivide into 5 waves. In Figure 2, the impulse move is subdivided as 1, 2, 3, 4, 5in minor degree
• Wave 1, 3, and 5 subdivision are impulse. The subdivision in this case is ((i)), ((ii)), ((iii)), ((iv)), and ((v)) in minute degree.
• Wave 2 can’t retrace more than the beginning of wave 1
• Wave 3 can not be the shortest wave of the three impulse waves, namely wave 1, 3, and 5
• Wave 4 does not overlap with the price territory of wave 1
• Wave 5 needs to end with momentum divergence
Fib If anyones interested in learning how we nailed GEs lows or crude lows and how weve rode gold up the last many months, im doing a free trading room to go into my work. Its all free. Theres no upell or get you guys to buy something. Its all free. Heres the link if your interested..https://t.co/jKmsptaYcI?amp=1 hope to see you guy there
First FDA clearance for AI X-ray systemGE's (GE +1%) health unit has won FDA approval for a new artificial intelligence-powered X-ray device that reduces the time to diagnose and treat a collapsed lung from eight hours to as little as 15 minutes.
The device, called the Critical Care Suite, uses AI algorithms to scan X-ray images and detect pneumothorax, which affects approximately 74K Americans each year.
GE is also working to enhance the technology to detect other health conditions.
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GE - Share prices approaches 9.40 targetGE share prices have reversed the trend to the upside but still, need to maintain its trading activities above 8.75 to proceed to its next target at 9.40. A break above 9.40 could see share prices continue to 9.75 and 10.00. Share prices could head down to 8.40 if it drops below 8.75