GE Today ForcastI'll Update You When Trade Is Active
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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GE trade ideas
Can't touch this.GE's low was $5.51 a decade ago. It was a much bigger and more valuable company then. There are parts that are still amazing - healthcare, aircraft engines, etc. They should spin off these good parts so they may survive and continue to add value to society. Have to get rid of the inept management. Motorola, Lucent, GE... all bit by the "leadership" bug. Politicians rather than businessmen took over the company.
GENERAL ELECTRIC COthe price is heading towards $5.90
if price breaks $5.90 forcefully next target $5.15
and every time it forcefully breaks a level, the price goes to the next level. (levels in red)
on the other hand if the price breaks the white trend line with force and $6.70 higher, the probability of going for the next level is very high (green level).
GE is doing admirable job holding on to $6.50Should have, would have, could have. Was expecting GE to break the $6.0 barrier and go further south. It has been top 10 in trade volume on the exchanges for a while now. Who is trading it in such heavy volume? I thought that is what the 'dark pools' were for. Why mess with retail traders and clog up the lines? Anyway, I think this will go down with the rest of the market. Till then, sideways.
Not sure how true this is - heard that pension funds, etc., cannot keep shares worth less than $5. If the GE falls below that, it will be penny stock in a flash as they are forced to unwind. Most of GE stock is with such setups. Can anyone in the know corroborate about the $5 minimum?
GE Good Buy Available*Wait for my buy zone above
*Target6.95,stoploss5.95,entry6.12 mentioned above
*aggeressive buyers buy at 6.12
*concervative wait for the reversal
*strictly maintain stoploss
*Risk Reward is 4.5
*Don't miss the opportunity because good R/R
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GE is in a Downtrend; Looking at Levels and Waiting for An EntryGE is an a clear downtrend. We closed a successful short but are currently neutral.
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STRATEGY USED:
Momentum Mover
Trend Confirmation = Fractal Trend
Entry Signal = Breakaway Scalper
Exit Signal = Breakaway Scalper OR Orderblock Mapping
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DESCRIPTION:
1. Fractal Trend is showing a downtrend (background color Maroon).
2. We previously had a successful short signal with Breakaway Scalper signaling short (Red bar color) while Fractal Trend also signaled a downtrend (we only take trades with this strategy when Fractal Trend AND Breakaway Scalper agree on the trend).
3. Currently Breakaway scalper is neutral (Grey bar color).
4. We are looking for potential reactions off of the bullish order block at S1 or the range at R1. Meanwhile, we will be looking at R2 and R3 if R1 does not act as resistance.
5. The only actionable play as long as Fractal Trend is Red is a short signal from breakaway Breakaway Scalper, thus we will be watching the noted levels as possible spots for Breakaway scalper to signal a continuation of the downtrend.