GE reversing to down trend SHORTGE has been trending recently off a base of consolidation after a downtrend. In the last session,
the reversal began. The 15 minute charts shows price riding the upper bands of the anchored VWAP
in the overvalued and overbought zone. The support resistance indicator of Luxalgo shows that
price bounced down from the resistance zone. The stochastic RSI shows bearish divergence and
loss of strength. I see this an opportunity for a swing short trade which will be synergized if the
general market takes a downturn in the week upcoming. I will play this with put options with
10 DTE at a strike a few percent above market price and look for 50 % return in the 5-7 trading
days upcoming. I will sell a few days before expiration no matter to avoid time decay affecting
the potential profil.
