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Non-Tech : General Electric (GE)
GE 308.95-0.6%Oct 31 9:30 AM EST
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To: Kirk © who wrote (3189)11/12/2019 11:28:10 AM
From: Fintas3 Recommendations

Recommended By
Blasher
Bonefish
toccodolce

   of 3256
 
A test from above should be expected but here's the difference between this pop and the previous.

Off the lows as you noted GE pushed p to go after the 11's and as it did it turned that RSI pattern to X's. That is typical and was to be expected. It can also be seen in charts I presented.

We THEN saw that PNF pattern of the RSI reverse to O's and NOW we just saw both the TREND and PEER RSI reverse BACK to X'S. Took time but it was supposed to take some time with a stock that size and float. Yet inn my world of PNF that's a biggee re TA. That demonstrates the stock has been tested, beaten down and made the moves that the larger buyers are coming in. TWT if that continues but I'm willing to and have stated to me the BOTTOM is in! Thus one can play it as they would any stock that was crushed, tested, survived and hopefully in the case of GE goes on to do a nice turn around in it's business model and FA. So to those who grabbed it at 6/7/8/9. Kudos. To those who at some point will grab it at 14/16 hmmm perhaps you should have taken it at the lower or sized in or used calls to avg down.

As the stock continues it's turnaround there will be those continuing to question numbers or survivability. Heck there are those still doing that with BAC even though the 30's are staring them in the face and they are still in the BUT what about?

I will be expecting GE to track the .54 value box with the 1.62 in control for the near term and the 4.86 VB for the long term.

So to keep it simple. Counting from the 9.72.... 14.58/19.44/24.30 should be contemplated.

And it will get there in steps of 1.62 or counting from 11.34/12.96/14.58/16.20/17.82.

With a pull back of a .54 here and there sometimes to the excess of 1.62 or 3.24.

But that is where those who are confident exploit with a call long as they understand the % and GE's personality. So good trading.

Lastly the targets to 24.30 are conservative. Just think what GE could do if they truly get their act together... FINALLY.

IMO and BTD with discipline.

Fintas
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