GE trade ideas
Here it comes! Breaking out of a major channel. Wait for further confirmation for safety. There are some sketchy divergences these days.
Very nice channel for $GEWhether this rally lasts, this seems to be a reliable trading channel while it lasts. Watch for the break.
A bigger look at GE breaking out of its downward channelJust an extension of my previous chart showing GE breaking out of a very strong bearish channel
GE forming a bullish channelGE tends to follow the market but it has some things going for it.
- Freed up $20 billion recently in a sale of its biopharma sector.
- It is at a pretty hard support. It hit these levels in 08 before running up and before that 1992 was the last time it was this low.
- GE is too diverse to crash further and they seem to have the right ideas to increase free cash flow.
- GE is manufacturing ventilators to help combat this awful virus.
- Open interest for many strike dates is very call:put heavy. There is very little interest in OTM puts.
- GE was hovering around $12 before this crash.
Thanks for reading.
Updated GE support lines.We're starting to see some sideways action today from the trend line. Potentially good news, not good enough to enter a long position
GE to $3.50, hate to see it...Not financial advice. I don't know what I'm talking about. Do not sue me.
GE support and resistance linesThe stock has fallen but never touched bottom support yet. Makes me think it might try to go up again. Let me know what you think.
GE nodri malakre - small time frame day trade ideafew things can happen, either ways since the trend is still downtrend, hedge with puts
and buy the lows and sell the highs in the channel.
$GE Long or Swing (Opinion Only) Alert TriggeredOpinion Only - See HIGH percentage alert triggered. .
Possible Ascending Triangle on GEAs the market looks like its rebounding from the coronavirus scare I'm looking at longing GE. It has some positive fundamentals right now along with an ascending triangle forming. I also like the bullish hammer candle from last week which is why i'm jumping in a little early as opposed to waiting for the 3rd touch at the top.
GE is correlating with SPY todayCorrelation trading strategy idea analysis.
Today I showed you possible correlation trading of $MSFT.
This was an example of an expensive stock.
In this idea, I will show you again possible correlation trading on the example of $GE.
$GE is a cheap stock, so it is good for correlation trading with a small deposit.
Look at the $SPY and $GE charts.
Actual corresponding support&resistance levels look so much alike.
Correlation is good enough to expect future similar moves.
Following the correlation trading strategy, it is reasonable to wait for correlated level breaking.
When $SPY and $GE simultaneously break their resistance levels, It will be possible to buy $GE.
When $SPY and $GE simultaneously break their support levels, It will be possible to short $GE.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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$GE Bullish candle with higher volume targeting 12 LONG Still showing positive long-term bullish trend , Friday candle was good enough to support up trend started on Sep-2019 with target at 12 then possible pullback to confirm support and continuous moving up . Closing above 12 for 2-3 days will lead for new high 2020 at 15.3
GE COULD BE INTERESTINGNot sure where its heading, good for long term play, load up when the tide is low. Plus you can never go wrong with GE.
Good luck.
GE LONG 1DFor the time the company seems to recover.Last earnings were good but it is weighted down from Boeing and the General Market movement that looks like a correction.
1.breakout from mirror level
2.RSI is borderline overbought so I believe we may see some more correction to 11.5-12
3.On the 61.8 fibbo level
TP:16.8 SL:10.7 R/R is ok .
Good luck
