Long GE if it can break resistanceBeen trading sideways - but if it can break resistance lines 1 and 2 I see upside potential. moving averages above trend just needs a breakout.
GE trade ideas
pin bar daily candle @ 200 day EMA pretty simple set up ill be looking for a break above 10.57 to go long, if the scenario ends up a bearish one ill look for a break of that pivot level to take us down to S1 or that red support for a 3rd test 9.50-9.60 area, would be a great spot to get bullish again if we test and hold that 9.50-9.60 area
GE - Daily 7-7-19Upside:
- Ascending triangle forming over the past month
- The bottom of the ascending triangle is closely in-line with the 20-day SMA, providing additional support
- Inverse head and shoulders set-up forming since early February
Downside:
- Stock price has failed to break above $10.71-$10.72 on three separate days, potentially leading to a double-top set-up
- Volume has slowly been trending down
Notable Prices:
- Top of ascending triangle (also potential double top level) is $10.72
- Bottom of triangle and 2-day SMA is $10.35
I am watching to see which way out of this narrow range the stock price breaks and the volume that is associated with it.
Possible break out or trade the range$GE, Looking good, possible break out, if fails trade the range.
GE bullish The GE headlines are not flattering; however, the week candle stick chart has formed a bull flag pattern. Empirically, This particular pattern has a high probability of being accurate. Also, I find the larger the time frame the more accurate my prognostications become.
weekly bull flag on GEkeeping it simple we have broken the down trend on General Electric and formed a bull flag that is breaking out on the weekly time frame. i am not playing this trade but this is easy money.
GE: Long Targeting 12.15, 14.50GE weekly chart showing cup and handle formation with recent inverted head and shoulders on daily. Monthly view also shows possible double bottom (Dec 2018). Initial targets are 12.15 and 14.55.
General Electric buy signalsGeneral Electric (GE), Monthly chart: 10 years long(!) support zone + Pin bar inside of Morning Star candle patterns + Side of Bollinger bands (120,2) + Coming out of deep oversold on RSI(14)
GE new upward channelAfter its correction Monday and Tuesday, GE had an upward triangle breakout and thus still appears to be in an uptrend. I will look to buy the support price of 10.19 and set my stops below the channel.
GE downward channel breakGE is looking like a short after a big channel breakout today. I think the breakout is driven by GE's large investments in oil and gas, since oil prices collapsed today. GE is bearish below the downward-sloping trendline, but should find some support at 10.19.
GEI'm playing with this chart in an effort to identify a new pattern for the trend reversal I believe we're about to see with GE. I'm watching GE on the monthly as this one is a long term play but I'm bullish on GE for the next 5 years. There is a possibility that GE could lose 25% of its value and wind up in the ~$8 range or even lose 50% of it's value winding up in the ~$6 price range but if you're in this one as a long term play I'd look to ~$19 (50% increase for current price of ~$12) as the next resistance and possible exit.
GE's RSI is in territories it's not seen for a decade(which was the crash of 08) but even before then GE has always remained above 30RSI with the exception of 1 other time back in 74'; although I'd be looking for a little resistance when RSI approaches 46. Either way, I'm bullish on GE. Also, according to GE's CEO I think GE has some projects lined up that will position them to see good gains in the next couple of years.
As always, let me know what you think. *This is not financial advice.
GE below trendline support on hourly chartGE has been holding mid-channel, but right now it's looking like it may drop to the bottom of the channel. I took profit at 10.54 and will watch to see what happens. This coming Monday and Tuesday are are likely to be bearish days for the market based on historical patterns, so it's a pretty good idea to exit the market until Wednesday anyway.
GEGE just broke out of the 200 daily moving average and closed positive above it.
I am taking a position long, trade your own plan though
GE - Trading within the zoneOne of my earlier newbie TA that I did a few weeks ago but wanted to confirm the resistance level at 10.5. Seems that its trading within a range of between 9 and 10+. GE has seen better days and perhaps, trying to find a new footing. Waiting for ADX to show a more robust and clear upward above 20 with corresponding DI+ before going long. Just a thought.
GE below trendlineLikely move to bottom of channel in 10.19-10.22 range tomorrow before (hopefully!) moving higher. Wait till channel bottom to buy and sell in the event of downward channel breakout (in the aftermath of today's Fed announcement).
General Electric Company (NYSE: GE)Hey guys, GE (General Electric) looks like it could be completing a pattern,
for some short term downside before we get the up move.
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possible 35% trade on GEAfter a V shape recovery from the low 6.40s GE has been consolidating in s Symmetrical wedge that has now broken to the upside and its now retesting its previous resistance. After buying at $10.04 with the retest i took a look at the bigger picture and noticed GE has also formed a bump and run formation and broken the down trend line. If we stay above 10.04 our first major resistance is at around 13.68 for a potential 35% trade.
Good luck and safe trading motherpluckers!
GE short strangle, July 12 9/10.5, 3+ month channel There is a clear channel that adheres to the peaks and troughs of the sideways trend on the price movement on the daily charts, starting from February 28th, 2019. Both the upper and lower boundaries of the channel have been tested multiple times during this period -- the more times the limits are tested, the stronger the both support and resistance become. The lower bound is at $9.00 and the upper bound is at $10.50.
By simultaneously selling the OTM $9 call and OTM $10.50 put, there is a maximum profit of $32 per contract reached if the price of GE is between at expiry. The break-even points are at $8.68 and $10.82 respectively. We are choosing the July 12th contracts as GE is expected to report earnings July 19th. With 25 days until expiry, as a net seller we will collect the theta premium as GE stays within the historical channel that has held up over 3.5 months.
