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Analysis: #NYSE: #GE

Case 43 #GeneralElectric Company

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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GE 1/7
The monthly chart shows a very bearish outlook - a series of lower lows/lower highs. However the 2009 low at 5.73 has not been violated and daily moving averages are #bullish.

GE 2/7
Chart 1
Monthly Chart: The last time price broke above the #SMA 20 was October 2015, we are only into one week of trading but the price is currently above the same moving average. Some temporary #support can be seen off the broken #pivot resistances.

GE 3/7
Chart 2
Weekly Chart: Price closed fractionally higher above the SMA 100, the last time it acted as a support was in April 2017. The broken resistance pivots are now support.

GE 4/7
Chart 3
Daily Chart: Some day trading information on a break above 11.63. Synthetic trendline pivot resistance in #confluence with pivot resistance at 13.07 - it's on an upward slope and the resistance will increase over time - ....

GE 5/7
..... unless it is suddenly overcome. An unfilled gap at 9.71/14 exists. The SMAs 200, 50 and 20 are bullish.

GE 6/7
Chart 4
Daily Chart: The #Strategy - printed on the image.

GE 7/7
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