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Non-Tech : General Electric (GE) -- Ignore unavailable to you. Want to Upgrade?

To: Underexposed who wrote (3017)	3/14/2019 6:28:27 PM
From: Underexposed	Read Replies (1) \| Respond to of 3256

Well it has been about two months since my last chart on GE. Several things have changed, most of them positive and my previous comment about holding GE shares if you have them and only adding or buying new shares seems to be cautiously successful. Let's have a look at the charts and what they suggest. P&F and Trigger Charts The P&F chart shows that while the share price is rising, there are increasingly tougher and tougher resistance levels. At this time we are butt up against a small resistance at $10.35. As you can see it certainly seems to be at least a minor resistance since the high for today was $10.50 but it retreated back below $10.35 by the end of the day.... I am not certain this will be anything but a stumbling block..... we shall see as the days go by. The dotted circle shows that the column SMAs are in a bullish mode with the Blue line above the Red and those red and blue lines don't show any sign of reversing direction.. The Trigger chart is also quite interesting.... first look at those blue arrows showing the effect of the 200 and 50 SMAs. the Share price seems to be bouncing between them. Also I see a micro support line that is not visible in the P&F chart.... P&F charts show macro resistance/supports, other charts can reveal other usually minor support/resistance levels. The Trigger indicators are less than bullish. See how the Slow Sto has barely responded to the past week or so of a 10% rise in price....AND NOW it is starting to plateau out....NOT bullish at all. The MACD as well is underwhelmed being basically flat lined the BBWidth as well is flat lined This is not necessarily bearish, it could go either way right now... but what it does tell me is that the major movement when it comes is not going to happen any time soon. Sentiment and Ichimoku charts The Sentiment chart There are a lot of good signs in this chart. Don't pay attention to the Par sar though. You can see that we are approaching the current Par Sar but As I have often said, I don't trust a Par Sar unless it is in the throat of a BB squeeze. If you look at the blue arrows... there have been several instances where the Par Sar has touched the Share price but the reversal it is supposed to represent is delayed... so I don't make decisions when this happens. However the indicators in this chart are mildly bullish...especially the DI+/- which has the bullish green line diverging from the red line. The Ichimoku chart it is interesting to look at the upper edge of the approaching green cloud. Cloud edges are either support levels or resistance levels depending on how they are approached. well if you recall I suggested there was a micro support in the Trigger chart.... well you can see a similar support line that lines up pretty well time previous share price values.....This suggests to me that this are will be a reasonable support in the future. The green cloud may be an issue later as it grows in front of it but now it is not a threat. In the circle you can see the Bullish blue thin line is below the bearish red thin line. The two lines have plateaued but there is no sign of bullish rise of the Blue line. The On Bal Vol is pretty neutral while the CCI is increasingly bullish. So there are mixed messages in this chart. Conclusion I don't see a sudden breakout happening in the near future. I see more sideways motion between $9.50 and $10.50 for the next couple of weeks anyway. There appear to be several class action law suits pending after April regarding the problems of company’s flagship gas turbines having technical difficulties and combined with Mr. Culp's comments on the negative cash flow issues. I don't see positive news to cause a breakout right now However having said that I don't see signs of a dramatic fall in share price either at this time. Some mixed messages but bullish enough to hold existing shares but I would be cautious about buying additional or a new position especially when I see increasing resistance points in the P&F Chart. _____________________________________________________________________________________ Disclaimer: I am not a registered broker. I am retired and use Technical Analysis as the main tool in my investment decisions. Accept or reject my comments as you will, but do your own Due Diligence (DD) before making any decisions based on the information I provide. Underexposed