GECL trade ideas
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 Cup and Handle? Very oversold right now!I am going to keep and eye on it and wait for confirmation.
Good Luck
GE Gann ProjectionsUse the low of .15 ; use the high of .36 & project out from there and these critical levels present themselves
acknowledge the strength of these gann levels
manage your own risk
gl hf
xoxo
snoop
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
MSFT : Careful on the price action within the next weeksHope this idea will inspire some of you !
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Phil
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
GE downfall?GE on the 60 day 4 hours interval chart has a high RSI and is about to reverses we also see momentum going down! let me know what you think.
GE looking like we could shortGE is in a supply zone with high MFI. Breaking below trendline. Could see below $9 IMO. I like the $9 puts on this one. Looking for break below zone and into zone below to see if we could hold a swing or not. If SPY calms down and drops this will follow.
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.
source
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GE Share prices have reversed the downtrendGE Share prices have reversed the downtrend and are heading towards 9.40 target. The next target is estimated at around 9.75 - 10.00. GE share prices need to maintain above 8.75 to hold the current trend.
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
GE ShortWe will enter a short position once the gap at $9.03 fills. Then the stop will be above an extremely important supply/demand zone and the target is about $0.67 Yep, we're looking for an Enron. If we get stopped out, we'll just look for another entry opportunity with price confirming our fundamental bias - most likely on a breakdown of the S/D zone. Imagine what GE collapse will do to S & P 500!
