Descending trend line of GE This is my interpretation for a descending trending line of GE. From mid March until the end of last week, it has been non stop descending.
GE trade ideas
We could get a big(ger) discount on a great companyWhat company is the only one that was in the DJIA 100 years ago and still often ends up in?
Better, what company was in the DJIA back in 1896 and the only one that is still in the USA, did not get bought by another company, did not die, did not become smaller...?
They have survived that long, and grew. In 2000 the company was worth 600 billion (900 billion inflation adjusted), making it one of the biggest of all times, still far behind Saudi Aramco (Apple looks cute in comparison). Afaik the biggest oil company ever is the arab one at over 4 trillion (Standard Oil was in the 1-2 area).
I think the record thought... during the period of the Tulip Mania, the Dutch East India Company was worth 78 million Dutch guilders, which translates to a whopping $7.9 trillion in modern dollars.
Anyway, General Electric is a "wonderful company" right? I can only recommend reading about them, making sure nothing too crazy is going around.
This is actually similar reasoning to what Buffet did with Coca Cola in 1988, which made him immensly rich. But maybe he just got lucky...
Seriously, that company survived 2 wars and only grew bigger, they survived the SEC, the american justice system, and they are down 80% from ath.
If we get a recession soon (next 2 years) and the price goes even further down, yet the company still keeps doing its thing, and we get to buy at like 5$... Come on lol
If this happens I will look and try to find more about them & also check did whatever bad news circle around them already happen to GE? How did it react, etc.
Regardless, if it goes really low something like 2.50 and the revenues are still way up there and the company is not shutting down... I mean, the risk is very low and the potential reward would be amazing? Would not even have to go up to ath, 25$ would be a 1000% return, plus these juicy dividends...
If investors leave does this even matter to them? They do not sell shares to raise funds do they? Would need to check that.
Oh ye, easy mode activated by the way: if it keeps going down with a strong bear trend, and then you suddenly get a spike in price: institutions are buying heavilly obviously they are the only ones that can stop trends like this. Good guys did the homework for us and know this is a great company.
What to look for next is for another leg down, hopefully with divergence, and then we buy. We do not care if the price keeps going down because this here is value investing not trading.
The institutions do all the hard work, we just sit there and play video games, and we get to buy in cheaper and get better returns :D
If the price keeps falling, it is a chance to buy more lower (you only used a few percent of your wealth to buy so you have plenty of money left right?) NEVER USE LEVERAGE this is for idiots only.
And people complain that institutions are all powerful and idk what other conspiracy theories. Institutions are my b*tches and I rob them on a daily. Nothing beats being a super mobile quick agile individual that answers to no one.
General Electric Company SHORT --> RSI Trend LinesGeneral Electric Company SHORT --> RSI Trend Lines
Couldn't ask for a better setup in GEAccording to market analysis along with historical knowledge of market behavior as it responds to the final stages of bull rallies, GE appears to be setting up for its next bull rally.
Currently it is at what appears to be near the market bottom, therefore upside potential greatly outweighs the risk of downside volatility .
* As always, this is for educational purposes only*
Let me know your thoughts!
Good luck trading,
Zerotozeros12
GE - POTENTIAL BREAKOUT AND RETESTGE has broken the last 5 waves pattern and it's now retesting the breakout level. Look to the price action for a potential wave up. A strong breakdown under the E point invalidates this setup.
GE Losing its WingsI worked for GE Aircraft Engines during the 80’s and still have friends there that I’m now worried about. Jack Welch and his financial engineering was supposed to be such a great thing. In hind sight, not so much. Pretty obvious during the coming market sell-off GE is going to $3.
GE retracing to below $12With current market GE stock is volatile at best, resistance likely at 11.88 and could retrace to 11.22 area if volatility increases. New CEO has yet to make any significant announcement, although just the announcement caused a nice bounce, which vaporized last week and into this week. Any LONG buyers, wait, wait, and follow the volume. Setting alerts (targets) using warnings. Aka 12.0, 11.90, and 11.50, which would then indicate going full Fibretracement or possibly larger selloff and below recent resistance in 11.25 and 11.20 range.
Viewers: Come to own conclusions, Rule #1 and Rule #2. Market is very dynamic , so riding a big wave too far onto sandy beach if not too careful.
GE - Wait on itGE is still going Lower.
Anything in the Orange is a buy
Anything at $6.xx is a steal
Potential for 4-5X in 3 years
GE : Long IdeaHello Traders,
I think this stock just Finish ending Diagonal wave, and maybe we will see an up trend next weeks
Thanks
TONCHINOMICS: MAJOR TREND DOWN still but...TONCHIMETER: MAJOR TREND still DOWN but
if inverse head and shoulder confirmed by 2 consecutive white candles plus
a break out of neckline then GE may turn bullish.
I like recovery stories...
GE SWING Into earningsWouldn't hold it into earnings, could be an entry in a nice swing on a beyond beaten stock...
GE PT 27.77After nearly 22 months of lower lows, GE is finally showing some promise. It's going to be a long road. At this scale expecting 27.77 within 1 year of this publish.
+1GE:18.10.01@12, 18.10.10@13.55, PL: +1.55$(+12.9%)+1GE:18.10.01@12, 18.10.10@13:55, PL: +1.55$(+12.9%)
----
"In art he, Thoth, was often depicted as a man with the head of an ibis bird"
999ug
Huge Upside in GE Long-TermThe current wave of selling seems to have been exhausted. The company is trading near 2008 levels with nowhere near the type of turmoil it experienced in 2008. Long @13.60
GE Testing Key Resistance, Potential Bullish BreakoutPrice has been trading above the bearish channel for two days now. Nevertheless, the recent gains in price was a reaction to the recent positioning of hedge funds and institutions. In addition, GE recently replaced their CEO, where the market reacted quietly positively to the news.
Trade Step-ups:
Scenario One (Bullish Breakout): Price consolidates above 14.00. Look for further move to 15.00 and 17.00.
Scenario Two (Bearish Reversal): Price rejects a breakout and falls back into the bearish channel. Look for a strong reversal to 12.00 and 11.00 respectively.
GE Breaking Out Of DowntrendGE seems to have bottomed out, and with a new CEO in place I expect a minimum of $15 but not ruling out a move up to $20 by EOY.
Vpvr shows some resistance coming up, but the daily trend line does seem to have been broken.
Also note the large increase in volume over the past week.
GE longLong for let's say until the 1st quarter of 2019. Just an excersice to test some technical ideas.
trade safe
