General Electric $GE is Weak on a Near, Mid, and Long Term Basis, Shown in Charts and Graphs
General Electric (NYSE: GE) is Weak on a Near, Mid, and Long Term Basis, Shown in Charts and Graphs below. Important: check the date of this report and update the data as needed because it changes over time.
Review the Trading Plans:
Long Term Trading Plans for GE
June 20, 2018, 8:27 am ET
The technical Summary and associated Trading Plans for GE listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for GE. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.
GE - (Long) Support Plan
Buy over 11.93 target 14.93 stop loss @ 11.67.
The technical summary data tells us to buy GE near 11.93 with an upside target of 14.93. This data also tells us to set a stop loss @ 11.67 to protect against excessive loss in case the stock begins to move against the trade. 11.93 is the first level of support below 12.95 , and by rule, any test of support is a buy signal. In this case, support 11.93 is being tested, a buy signal would exist.
GE - (Short) Resistance Plan
Short under 14.93 target 11.93 stop loss @ 15.19
The technical summary data is suggesting a short of GE as it gets near 14.93 with a downside target of 11.93. We should have a stop loss in place at 15.19 though. 14.93 is the first level of resistance above 12.95, and by rule, any test of resistance is a short signal. In this case, if resistance 14.93 is being tested, a short signal would exist.