GE General Electric Speculative Buyondip with Stops below 12.50

26 Tem 2018GE General Electric Not Dead Yet
It's been a long time since the last update on GE - it's not been warranted either by the look of it.
It's still unloved and untrusted.
Depending on profile, this looks like one to accumulate at the these levels. After spending months
in a relentless down-trend that began with the break below 30 (several months before any bad
news hit the St) and which looks to be drawing, slowly, to an end, this looks like one to accumulate
at the these levels and on dips back to 12.60.
Downside is showing a loss of momentum and it's now moving away from the heavy parallel which
has killed all rally attempts in the past few months.It's now using it as support on this current move lower.
It may be unloved still, but this old girl still has a certain beauty.

Look to buy around current levels down to 12.60 with stops below 12.60 by 10 pips or so.
First target at 17.35, then 19.35. It will require a degree of patience, though ; )

26 Tem 2018

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GE Bigger Picture

26 Tem 2018

Yorum

sumastardon admin, [26 Jul 2018 at 15:56:10]:
GE Bigger Picture

On downside if this speccy long goes wrong and 12.50 is broken below it should fall back to 10.47 for 200 points - and may even crash to 6 again.
It's just a pattern and it carries with it probabilities.
That's all. But it will give a chance to get back the stop money blown on any long in this slow running game.

This thing is pretty much at the other end of the scale compared to trading Bitcoin. The tortoise to Bitcoin's hare.

But it does like to trend, all the same.



Wham Bam, Thank You Gann
The weekly chart shows 25 years of price action which took GE to a high at 60 and a low at 6.

Mankind loves this number and the number 12 above all others.
Plain as night follows day. (In 24 hour/60/60 cycles)