General Electric Does it Again: Heads Up for the 4th Straight Day

The Daily View for General Electric

  • Currently, GE’s price is up $0.02 (0.15%) from the day prior.
  • General Electric has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a doji candlestick pattern on General Electric. Given that we see an uptrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

General Electric’s hourly price chart is shown below.

GE

The Daily View for General Electric

  • At the time of this writing, GE’s price is up $0.12 (0.89%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as General Electric has now gone up 4 of the past 5 days.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on General Electric. Given that we see an uptrend on the 5 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of General Electric.

GE

Featured General Electric Idea From TradingView

Below is a trading comment entitled GE Could go either way… (LONG TERM) you may find interesting:

GE has entered a consolidation zone. a breakout from this zone will indicate whether GE will have huge gains or will drop significantly.This projection is long term, GE could oscillate in this zone for years, or it could happen very soon. Keep GE on your watchlist and occassionally check back. My prediction is LONG with an increase of 8x over 8 years. (70% likely) .This long prediction is because of the nice double bottom that happened i…

CrazyLarry