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Non-Tech : General Electric (GE)
GE 305.10+0.3%3:59 PM EST
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bull_dozer
To: Underexposed who wrote (2980)12/11/2018 4:20:16 PM
From: Underexposed1 Recommendation  Read Replies (2) of 3256
 
Well my prediction from Friday is progressing faster than I thought.

It is looking like it will be sub-$7.00 by Christmas at the latest and could even be sub-$6.00 if that major move that shows coming causes the stock to hit the skids.

We are already at sub $7.00 with a close at $6.76 today.

You can see the low point of 2009 at $5.00 is looming ... this is the final support level of significance. I definitely think $6.00 is within reach now before Christmas if not into the high $5 level.

We are still in that declining consolation period with the share price never touching the 20daySMA for a very long time.

No sign of a bottom yet.

UE
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