General Electric (GE) Message Board

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Non-Tech : General Electric (GE)

GE 311.61

+1.4%

9:37 AM EST

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To: Underexposed who wrote (2931)	11/9/2018 2:45:04 AM
From: Underexposed	1 Recommendation Recommended By WalterWhite Read Replies (1) of 3256

Options traders may have suggested that GE would be in the mid-$9.00 by 2019 as suggested by the previous poster but I see the stock in the high $8.00 range by the end of the week...and falling after that. the last few days was GE just catching its breath from the previous week's fall... now the slide continues. the Slo Sto shows absolutely no inclination to rise above 20. The MACD and BBWidth looked like they might reverse direction.... I call this a MACD/BBWidth squeeze.... if that reversed direction along with a rise in the Slow Sto that would indicate an end to the current slide. It does not necessarily indicate a bottom has been found... but at least it would be a long rest.... but as you can see...the BBWidth is resuming its climb and the MACD continues to fall.... We will see the $9.00 level break soon.... no bottom in sight. UE

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