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Non-Tech : General Electric (GE)
GE 308.95-0.6%Oct 31 9:30 AM EST

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From: Fintas11/7/2019 11:08:59 AM
  Read Replies (2) of 3256
 
GE's PEER RSI is dangerously close to turning to X's. Could happen today or by years end.

Regardless it is just another piece of data to support GE has bottomed and once it does turn to X's is an indicator it is OUT PERFORMING it's peers.

So to those who worry about balance sheets. It would appear there are those who are discounting the bad news.

IMO

Fintas

Oh that doesn't mean GE to 100 over night. Heck GE has many steps to clear as it makes it's walk back up from 9.72 to 14.58/19.44/24.30/29.16. We KNOW it dropped from 33.

We know where it found it's first area of support. We know where it fell too as many just dumped.

Yet on the way up, the walk can be anticipated if one understands how the RSI or the PEER and the RSI of it's trend can give a hint to upside %.

IMO again

Fintas

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0508121418
15
43.7498 43.7498
41.0797 41.0797
38.5725 38.5725
36.2183 36.2183
34.0078 34.0078
31.9322 X31.9322
29.9833 8O29.9833
28.1533 XO28.1533
26.4350 6C26.4350
24.8216 3424.8216
23.3067 XO23.3067
21.8842 OCOA21.8842
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19.2944 5X6XOX819.2944
18.1168 8X716OAXO418.1168
17.0111 OOXC4OXOXOXO17.0111
15.9729 O4OAO27XOXBXO15.9729
14.9980 2XO8OX8C7O514.9980
14.0826 OX6X1XO6614.0826
13.2231 OXOXO4X7X13.2231
12.4161 3X7OXO4O12.4161
11.6583 O588O11.6583
10.9467 AX710.9467
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9.6513 B19.6513
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5.8316 2915.8316
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4.5331 OXO9C2XA4.5331
4.2564 OX6XOX124.2564
3.9966 OOXOX43.9966
3.7527 7B53.7527
3.5236 63.5236
3.3086 73.3086
3.1067 93.1067
2.9170 A2.9170
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1.9992 11.9992
1.8771 O1.8771
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1.6550 OX1.6550
1.5540 3AO1.5540
1.4591 8XO1.4591
1.3701 9XO1.3701
1.2865 OB1.2865
1.2079 OX1.2079
1.1342 O1O1.1342
1.0650 OXO1.0650
1.0000 OX81.0000
0.9390 OX0.9390
0.8817 C0.8817
0.8278 0.8278
0.7773 0.7773
0.7299 0.7299
0.6853 0.6853
0.6435 0.6435
97989900010203040609101113161719
0508121418
15
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