GE trade ideas
Bullish Reversal Patterns in General Electric As anticipated last week, sentiment has pivoted sharply toward cyclical reopening stocks like small caps and industrials. Meanwhile the Nasdaq has struggled.
Now one of the most iconic industrial stocks of all has some potentially bullish reversal patterns: General Electric.
GE has lost more than three-quarters of its value since the end of 2016. Its troubles have been well documented and discussed in the news and analyst reports.
However, the chart may show some long-term reversal patterns.
First, GE slightly undercut but held its March 2009 low of $5.51 in May. Holding an 11-year level like that can be important.
Second, we see the May low of $5.48 flanked on either side by higher lows of $5.90 in March and $6 on July 31. That’s a potential inverse head & shoulders pattern.
Finally, GE had a bullish outside candle on Friday, August 7, another potentially bullish signal.
This comes at a time when the SPDR Industrial Fund is up 6.4% in the last five sessions, while the Nasdaq is up less than 0.5%.
That kind of relative strength, plus the chart patterns, could focus attention on GE on in coming sessions.
GE in an interesting price zoneH&S forming + horizontal trendline which goes back to 2009 - all signs for me to keep an eye on GE for the next couple of days or even weeks.
Price action at the neckline of the H&S will determine either to stick with the trade or even reverse and go short.
Trade with care!
GE BUY (GENERAL ELECTRIC CO)Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current levels for buy.
GE Bear FlagWatch for GE to make a move to retest the lows around $5.50 a share. GE has found temporary support at $6.00 and is forming a bear flag pattern. The hour chart on the right shows respect of the minor trendline of the flag. Look for a break in the trendline before going short.
GE had a wide miss on earnings last week, driving share prices down on heavy selling volume. This current rally is occurring on very light volume, contrary to what we should be seeing on a reversal. COVID-19 will continue to affect GE's retail and aerospace sectors, with engine demand way down.
Short position should be re-evaluated at the lows around $5.50. A break above resistance in the $6.50 zone should invalidate this idea.
This is an idea only, and should not be considered investment advice. Trade according to your own rules and risk tolerance.
GE is a solid setup for a move to $7.10. Volume pouring in.Still over sold and big volume coming in here today
GE STAYING LONGI know from my last GE post we failed but It still looks likt it will go long especially with some investment in Australia for hydro power
GE - 14% Potential Gain - Descending TriangleAdd this to the watchlist.
GE is about to break through support in a well-formed descending triangle.
Once current support is reconfirmed as new resistance, place a Limit Sell Order at $6.45.
Potential for a 14% gain if new support it established at $5.50.
GE - Oversold RecoverySWING TRADE
GE showing signs of a reversal in its recent drop
1. MA 9 & 50 Crossover
2. Large bars down previously
3. Bounced on support
4. Large ending volume
5. Recent MACD Cross over below 0
6. Recent RSI 30 Cross up
Entry: 6.14
Target: 6.94
Stop Loss: 6.01
Risk Reward: 6.75
General Electric Stock AnalysisPrices are moving inside the channel the idea is to go long as they are close to the bottom flat trendline.
Target Price might be 8.00 USD
Fundamental Analysis.
This stock is highly influenced by the relationship USA / China. Before investing in GE, it is better to watch out the sensitive equilibrium between those two Economic Powers.
General Electric 1H SchemeUPDATE of fractal configuration of $GE
I had to make it so detailed.
Market is panicking as a reaction to negative report, specifically about unsatisfying figure of Earnings Per Share. Eventually, it will make a decent pullback because of new fundamentals coming up.
GE LevelsBasic Support and Resistance levels. Seems pretty range bound to me. I have Bull Spread positions at the 17$ strike out in 01/21/22.
GE - LONG SETUP3 RISING VALLEYS ? BULLISH ENGULFING YESTERDAY ON DAILY. PRETTY LOW RISK ENTRY FOR LONG POSITION.
$Ge General Electric On Breakout Watchlist
Possible break from very tight range today and
a reclaim of the 507100ma's as support.
Possible targets
-$7.30 Volume Shelf
-$7.75 Fibonacci Golden pocket
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
#GE - 1H - 19.07.2020GE made a huge step last week by breking that short term downtrend. Now it is time to consolidate it´s price above 7.00 USD.
If there is not another COVID19 wave around the corner, maybe, we are witnessing the beginning of a strong recovery of this company´s market value.
$GE #GeneralElectric #Earnings #TradingP/E: 10.95
EPS this year +99.8%
EPS next year +360.23%
Short Float 1.01%
Gross Margin 23.4%
ROI 2.3%
EPS Q/Q +595% (Keep in mind the stock still dropped)
GE time to be Bullish??What do you guys think, a nice wedge descending , lots of Volume. To me we will be looking at a nice 6.46 entry with a nice break out happening after that.
Very new any help appreciated just learning the game right now!
