$GE Monthly bounce back up soonMonthly bounce expected to at least $10,00
My next $GE - Next target is $10,50
40% upside potential.
NYSE:GE
GE trade ideas
$GE Medium Term OutlookGE looks finally at the bottom (Approaching lows from March 2009)
Selling volume on a steady decline
Bottoming of MACD looks like it's in and attempting to crossover
RSI on a slow and steady incline from oversold territory
I would start laddering in buys as GE is a slow horse with the potential to see very slightly more down, but the bottoming signals are definitely there
$GE Low Timeframe Knife Catchhigh risk trade right here, but this could be the start of painting a bullish divergence reversal on the daily. lets see where it takes us or if bull can push through this
GE - Pressure remains on to the downside!Updated chart shows GE is still in downtrend. Reiterating target of $8.
On March 21, 2018 I posted:
As the saying goes “the bigger the drop, the bigger the need for repair.” Ex - all items, GE’s cash flow has not grown since 1994.
Just back 3 - 4 years ago GE -1.24% was producing ~ $24 billion in cash flow. Using Basel III 2.27% agreement TCE ratios, GE -1.24% is underfunded
by ~ $53 billion as of 3rd qtr. 2017. Assets need to be sold and equity add to the books!
Valuation: Using ex-item numbers, GE -1.24% produced ~$ 8.5 billion in cash flow for 2017. Applying a generous 2% growth rate the
Intrinsic Value Buy price is $6.50 and a Sell at $16.
Target of $8.
GE shares show a lack of demandGE shares have trended down all year with a lack of demand. The stock price reflects the troubling fundamental picture. Shares will stay under pressure until this theme reverses.
Look at this Monthly. $GERsi is in the teens on the monthly.
Divs if we bounce here
Macd looks like sh!t
But my oh my is this bottoming out. i doubt the ones calling $6.00, anything around that 8.00 flat is pay dirt.
This indicator SAVED YOU HUGE on GEBuy Green
Sell Red
//
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
//
it works good for stocks and cryptocurrency.
//
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
//
when a green dot -0.78% -6.68% -7.44% -7.44% appears you buy, if a green dot -0.78% -6.68% -7.44% -7.44% appears after that green dot -0.78% -6.68% -7.44% -7.44% you hold your investment.
if a red dot appears you sell your position. easy as that.
//
the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
//
shorter time frames will be choppy.
//
larger time frames will be smooth.
//
*Daytrading smaller timeframes is possible but not recommended.
GE expected bounce to 9 - 10.5 to make new small top THEN!!Since quite time and very bearish style was applied for this share . it is possible to extend decline up to 5.5 or below but as its big share the process will take some time .. now at 7.99 we expect bounce to form new fresh top between 9.0 and 10.5 then suggested to continue down trend to achieve lower supports
GE looks fucked to meGE is pretty fucked. Broke the long term trend line this summer. Has been tanking ever since. So long GE, it's been nice knowing you.
I might buy some in the $5.76 to $6 range to take advantage of the "double bottom" false rally. Expect to sell the rally at $12-14.
SL is the you're fucked box. Stop loss @ $5.60 (assuming you buy at or under $6.
Then will continue trend down to bankruptcy.
General Electric Set For A Bounce On Monster Support! (GE)Hi friends! Welcome to this analysis on General Electric! Let's get right to it! Looking at the weekly GE chart, you can see that the stock has been in an absolute state of collapse, since early last year. However, the technicals are getting VERY interesting. Looking at the chart, you can see a pink rising trendline that is coming in form the left side of the chart. That trendline actually begins in the early 1980's, and it is the lowest extending rising trendline in play on the chart. Additionally, you can see that this trendline corresponds with the low made in 2009, during the great recession. So, the stock price is reaching historically critical levels right now.
What I'm interested in is a bounce play here. There is a bit more downside, before GE actually reaches the rising pink trendline (around $7.40) but a significant bounce could follow. There's a nice bullish divergence on the MACD, indicating that the selling momentum is in an exhaustive phase. That's really nice to see as price inches towards this critical support level. As I said, I'm a technical buyer here, on a touch of the pink trendline, with a stop down around the $7.20 level. That's a risk of about 20 cents, with an upside potential of $3.10. If you'll notice, there was a pivot low in late June of 2009. That low was at $10.50, and I believe that could act as significant upside resistance here. The 20 EMA (in blue) has acted as powerful resistance since 2017, and it's currently plummeting toward the $10.50 trendline. So, if we do rally from here, I think there is a high probability that the 20 EMA will be converging with the $10.50 level, around the same time that the stock price would be getting there — perhaps by December or January. That would increase the $10.50 handle as a powerful resistance, and that would be the best time to exit the trade. Good luck everyone.
I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-
OPENING: GE JAN 18TH 9 SHORT STRADDLESelling bullishly skewed premium in the beaten down GE with the possibility of an assignment of shares with a cost basis of 7.33/share (a 9.5% discount over current price). Filed for a 1.67/contract credit.
Metrics:
Max Profit: $167/contract
Max Loss/Buying Power Effect (On Margin): Undefined/$171/contract
Break Evens: 7.33/10.67
Delta: 23.23
Theta: 1.09
Notes: Fairly rare to get a credit approaching your buying power effect ... .
GE bearsshort term bearish, if it breaks under 6.50 itll be in free fall. for now im seeing it bounce off those levels and retrace to previouse POC
Where you should be buying GE, easy planWait for the last panicky flush where all the weak hands that have been buying these last months unload at the bottom
GE isn't THAT badTargeting a short-term bounce on GE here, typically these blue chip stocks when in heavy over-sold territory at a minimum show some short-term recovery when fear and PERCEIVED risk is high. Good opportunity to play the bounce here.
Disclosure: I have no position in GE.
GE approaching all time low GE almost on 2009 level (5.38)
I think market will not get that low since the 2009 level was the results of the Crisis.
After a bullish confirmation for 1-2 days market go up
GE shortI fully anticipate this going down to around 5.73, with a slight relief bounce around 7.60 the way down.
weekly GE chartbuy under $9 bucks... the low to hi fib retrace from 2002 to 2007 has the 1.618 retrace line at $8.50 bottoming out in March of 2009
GE is ultimately dropping to 2.4 or lower-5.7 is our next targetif we follow the pattern, the drop in 2000 was 70% and in 09 85%. i expect it to drop 92.5% from the peak of 32 dollar in 2019
Weekly demand zone of 9.96 with of right below a supply zonePrice is coming close to a weekly demand zone.
Entry @9.96
Stop loss set to @9.06
Target close to @18.00, right below a supply zone.
I'll use trailing stops if new significant demand zones form after entry in the event that the trade works in my favorite.
