short GE and cover back at 10.5GE is in the downtrend channel, short it
Target profit at 10.5
stop loss: 12.1
risk reward ratio: 1: 2
1GE trade ideas
GE - Another Short Teaser?This a follow-up to the GE idea about the downtrend it started on May '17 through May '18. GE just broke down another support level at $12.60 after failing to even test the $14 mark. Right now the support break tells us that the stock is still weak, but it is still a little early to call it a bankruptcy confirmation. The stock is weak and would not be a great idea to buy now, whether to trade or to invest, but even though it looks short the downtrend has been stretched out for a long time.
Single digit numbers (below $10) would be really interesting but sad if it happens. Just like before, if GE holds below its $13.50 level and makes a correction to the downside, it would confirm my bias about poor performance based on the price action. As short as I am on this stock, it is still only a waiting game until a further sign of weakness appears.
Again, let's keep watching GE till about December to see if it makes up its mind. We will see how this plays out.
GE - Pressure remains to the downside!GE has suffered enormous pressure to the downside as everyone is aware. Money Flow and RSI are at lows not seen even during 2009.
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 was producing ~ $24 billion in cash flow. Using Basel III agreement TCE ratios, GE is underfunded
by ~ $53 billion as of 3rd qtr. 2017. Assets need to be sold and equity add to the books!
Valuation: Using ex-item numbers, GE produced ~$ 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.
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General Electric, you be the judgeAfter GE divested many parts of it's conglomerate, it seems like they have been preparing for this sell off. You be the judge.
A close look at General Electrics 'Situation'GE has a yearly pivot point at 7.56, which it looks like it will hit. But I think it breaks down even further.
General Electric is heading far lower. Worth $5. General Electric is breaking down fundamentally and technically and it's time to dump this crap. Shares need to be sold to $5.
Good risk to reward hereLeveling off and preparing to finish the year strong? I think so.
But it isn't about being right or wrong. It is about making a decision and knowing where you are going to get out before you take your position. NYSE:GE
GE is going to 11.70GE should take a dive and test near 11.69 in weekly base and trade there a while in order to gain momentum and volume to take an up swing and sky rocket!
GE reversalGE bottomed out at $12. Starting to uptrend. Just crossed above 50 RSI. EMA 15 upcross confirmation present. Stop loss beneath support ~ 2%. Target at previous known resistance. Good RR ~ 4.
