GE; bearish engulfing on Weekly resistanceanceGE has had a good run up since it bottom out at about $6. With lots of news about EV, it seems GE can go higher. But before that, it is always healthy to have some form a retracement.
Based on the 1H chart, a good place to start shorting is between $13-13.25
Target profit 1 is $10.50 area/ 20 MA
Target profit 2 is $8.50 area.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!