Hello traders !
First of all, this is not a professional analysis nor an advice of any kind. I’m only sharing my thoughts.
General Electric is at strategic resistance/support level, which goes back to Jun 2010, at 13.27.
For the short-term,GE is showing bearish signs as the weekly candle opened and closed below the strategic resistance (Yellow line) + the daily MACD has already crossed below its signal.
The way I see it, there are two possible scenarios:
1. It tests the SMA200, at around $12.25, before it bounces back at around $16.
2. If SMA200 failed to act as a support level, then the next support level would be the green trendline at around $11.
Inconclusion,General Electric is bearish for the next couple of weeks and Bullish for the long-term.
(If you find this beneficial, don’t forget to LIKE).
Happy trading!
First of all, this is not a professional analysis nor an advice of any kind. I’m only sharing my thoughts.
General Electric is at strategic resistance/support level, which goes back to Jun 2010, at 13.27.For the short-term,
GE is showing bearish signs as the weekly candle opened and closed below the strategic resistance (Yellow line) + the daily MACD has already crossed below its signal. The way I see it, there are two possible scenarios:
1. It tests the SMA200, at around $12.25, before it bounces back at around $16.
2. If SMA200 failed to act as a support level, then the next support level would be the green trendline at around $11.
Inconclusion,
General Electric is bearish for the next couple of weeks and Bullish for the long-term.(If you find this beneficial, don’t forget to LIKE).
Happy trading!
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。