Bullish GE Trend With Key Resistance Levels 2 Month ForecastGE has broken out of it's descending channel and has now shown a strong reversal and bullish indicator. This first quarter will be a beast as the new CEO takes reign and focuses on balancing the books. GE will become the comeback kid of 2019!by martinlihUpdated 5
WHY ARE WE BULLISH ON GENERAL ELECTRIC(GE)?GE was among the worst-performing equities in the S&P 500 index of US stocks but I am still bullish. The big question is why… It is my views that GE is still one of the most valuable company in the world. The major issue was with GE Capital. GE Capital is the financial services division of GE.. This division can be fix and I believe they are going to fix it. One of the strategy is to sell off GE capital Portfolio. On November 16, 2018 — TIAA Bank announced the acquisition of a $1.5 billion portfolio of healthcare equipment leases and loans from GE Capital’s Healthcare Equipment Finance (HEF) business.Many more transactions like these will occur.. GE is currently trading at $7.41 after making a low of $6.57 in December 2018. This is just above its 2009 low of $5.85. If we can hold at $6.25 then I am looking for a retest of the next resistance zone at $12.30 to $18.75 This bullish status is very risky! The major trend is down.. I would like to design a Counter-Trend Strategy for this stock for our Global Proprietary Equity Fund with an allowance of four(4) times the Daily Average True Range( 4 x 0.4210=$1.684) below the March 1, 2009 low of US$5.85. This will give us an Exit Price of $4.16 if our bullish analysis is wrong. This is a long term trade with four(4) price targets, four(4) entries and four(4) percentage(%) Risk. The entries will depends on price action at the support zones. Price Target 1: $12.50 Price Target 2: $18.75 Price Target 3: $25.00 Price Target 4: $31.25 ----------------------------------------------------------- Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy or completeness. The information and content are subject to change without notice.Longby globalfinancialengineering2
General Electric: really going up soon?Hi all, Tolyan online. First of all, Happy New Year and Merry Christmas all. During the New Year holidays there are often trend reversals, hope this year the rule will also apply. Now I want to talk about General Electric. GE is pindoses who make locomotives :) We can see that there is high possibility of the downtrend coming to the end, monthly MACD and RSI indicators are almost signalising a reversal. And RSI is extremely oversold. Also, the price is too deviated off the Kertnel Channel, and that means the price will want to kiss it soon.Longby OmgImTrader2
GE Cup and handle formation.Some news will come and the uptrend will continue. Longby Wither_Blockchain4
General electric double bottomDouble bottom on daily, could go long on the retest of the neckline. Next confirmation is break of 61.8% at level 11 and 200SMA. Weekly seems like the stock has bottomed for now and will begin the rally towards the weekly downtrend line. Earnings coming at the end of the month, GE is expected to do better but it had trouble surpassing expectations. Counting on winter demand for electricity for heating could boost its financials.by Antonio_traderUpdated 0
General Electric (GE) Buy on Double Bottom ??Reason to Buy 1) 6.86 = key support 2) Double bottom = potential reversal Stay tuned !Longby M-royce5
Bottom formation with signs of strong hand absorptionGE stock price has been in the free fall style crashing down since October break down of the 12 dollar mark. The falling has been exacerbated by the back drop of weak general market. As the panic sets in, the sharks moved in. The volume expanded at the low while the price is making a flat correction below 8 dollar mark. My suspicions of strong hand absorption has been confirmed by the price action of the first trading day of the year 2019 that It has broken decisively above the 8 dollar mark. I believe that the absorption stage is likely to be finished and a retest of the absorption range is very likely in the next few days. At this moment, the risk reward does not favours who he/she chases the prices as the stock is traded quite close to the 9 dollar major resistance level and bearish gap. If it trades back down from 9 and retest the absorption range, then it would be a much better long trade. If it would take out the resistance at 9 dollar mark with strong momentum, a long entry can be considered after seeing a bull flag formation appeared in the chart. Longby chenb19812
GE refuses to fail Once we get a decisive breach above the .114, we can look forward to $12.18 Longby LucyF24922
18 year downtrend - a high chance of reversalGeneral Electric has had a rough 18 years With downtrend while the rest of the market has set New highs. I will buy at this area for June 2019 Calls.Longby CycleMasterUpdated 1
GE New CEO... new era!Most of you already know that I added this asset in my portfolio looking for $32 a share within 5 years. How do we get it? Basically a real growth of 0.1% this year and 1% the next one. About the EBITDA, I'm expecting a revenue of 14% this year, and it will be completely attainable hold 17% average the next years. So as you can see, this share is quite underweight but it means a real potential over 100% profit. My PV for this year is $18.73 a share (more than 50% profit from where it is today). Learn how to beat the market as Professional Trader with an ex-insider! Have a Nice Trading Week! Cream Live Trading, Best Regards! Main Idea: Learn how to beat the market as Professional Trader with an ex-insider! Have a Nice Trading Week! Cream Live Trading, Best Regaby wildcreamlifeUpdated 443
Well, after all I would put some dollars in GEAfter all, I would put some dollars rolling in GE for the next 5 years. Entry: coming days, I'd like around 13. Target: 32. SL: <11 - >10 Potential: >1.2% Learn how to beat the market as Professional Trader with an ex-insider! Have a Good Trading Week, Cream Live Trading, Best Regards!Longby wildcreamlifeUpdated 3
GE - A rebound for a crumbling companyNot financial advice. Do your own research. The ideas shared are the personal opinions of the BitDoctor team. Oh GE, what are you going to do in 2019? 2018 was probably your worst performing year but while the stock market is crumbling, you seem to be bouncing pretty hard here. Don't get caught with all the green candles and percentage gains. Bear markets are still bear markets. There's heavy resistance coming right up! Short term I see $8.75 as a key resistance point. Next, I will be looking at $10 as some key resistance. If GE is able to push through $10, then I can see $13 and $15 in the future for GE. That is probably more long term, and assuming GE can hold the levels mentioned above, including the not-mentioned $8 barrier that was crossed today. Disclaimer: I currently hold a position in GE but have no plans to make any changes to my position in the next 48 hours.Longby bitdoctorUpdated 4
ge long boysi know ive charted this before but still looking for a retrace back up towards these levels. Longby gl0bu113
$GEIF we see a break on that bull flag, we could see 5th wave up heading toward next resistance level. Needs volume thoby DarioTrades1