GEOO34 trade ideas
GE share prices bounced back with supporting volumeGE shares have breached 10.26 resistance price line in today's session and now attempts to push through 10.39.
A break above 10.39 could see share prices continue to 10.61
GE share prices could head down to retest 10.00 support price line if it fails to hold above 10.26
$GE $9.50 Does not mean it's good value, still room to fall. Stephen Tusa is regarded as somewhat of a god in the GE analyst community. In 2016 he projected the fall in GE then priced at $30 . Since then he has been pretty flawless in his analysis and his opinion is that GE is still overvalued, his price target of $6 is becoming more and more realistic. Until he changes his views it is very difficult to see how the stock can rally as his track record is so good.
GE Bullish to $12+General Electric Co. (NYSE: GE) is expected to report its first-quarter results early on Tuesday. Overall, analysts anticipate earnings of $0.09 per share, as well as $27.05 billion in revenue. Shares traded at $9.57 on Friday’s close. The consensus price target is $12.61. The stock has a 52-week trading range of $6.40 to $14.99.
Off Technicals we see it finally breaking back above a major weekly trendline and using it as support.
Head and Shoulder pattern on the lower time frame and currently on a major reversal zone with multiple confluence showing bullish.
Mind you - Still SUPER new to technical analysis but sharing this for improvement and to hopefully bounce ideas off of traders and students alike.
let me know what y'all think :)
$GE General Electric is a short long termThis is simple it is a short, if your long run for the hills and take with you what you can. The price jumped 50% recently on news of debt re balancing and selling off profitable parts of the business, "WHY" add to that, there is a massive pension deficit.
$GE General Electric is no bargain.Despite a small recovery rally $GE is still a no touch on the long side. Still hated by analysts and until that changes investors will stay away, downgrades do matter. Selling off the most profitable parts of the business to repay debt does not make the picture any better. Add to that a massive pension deficit and things get ugly. Until the 200ma is broken, its a short.
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eyes on it GE is something to keep eyes on . things in that company have started to change , but reflection may ...and should take long time before we see them . in chart first thing what to look is ,are there investors expectations ....will we see anomalies on PA . but no need to rush in , if you buy 12 and we dropp at 6 ... who much you are down then ... i belive bottom is near and ge has big potential for longterm investor . extra eyes on 7.58 . i wont buy it yet . i need to see some technical hint that im not only beliver . will post new chart once i buy .
What I think will happenLooks like an easy cup and handle. But I think we will continue the down trend for the market next week, so the blue arrow is where I think GE will move next week.
#GE Potential Short OpportunityAction: Set Limit Order to Sell
Entry Price: 9.98
Exit Price: 9.66
Stop: 10.15
Trade Explanation: #GE is trading closely around the resistant line, close below the resistant line on 15 minute chart will initiate further downward movement towards indicated exit price.
GENERAL ELETRIC CO - Bottomed?Good evening everyone,
Lets take a look at G.E stock, as we can see on the weekly chart the stock is going in a very long downtrend since APR 17 , i believe we might've reached the bottom now,
As we can see price finally went out up of the channel, above the 10.0 psichological level.
The entrance should be evaluated on the daily chart, what do we see?
Price is struggling at the current zone and we might have a bearish divergence on RSI;
So i personally recomend to wait the price re-test the 10.0 zone + 50ema + .382 fibo and reject it before going long, dont forget, overall we are still on a bearish trend.
The S.L should be placed under the current bottom and the reasonable targets are ~13.50 and 18 levels.
But for now, wait a pullback we must.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
