Looking at another potential short play on GE. The monthly chart below illusttrates the competing structures on this major bellweather stock. The stock is testing support levels on the major longer term channel created off of the lows of 2009.

Drilling down further, the weekly chart shows more pronounced selling versus the slight, poorly participated bullish moves over the 2 years.

The 2 day structure has trigered a sell signal (Tuesday March 3rd 2015)

The daily chart below shows strong buying within the structure of this timeframe bu again already off of the peak levels of late February.

And finally the 4 hour below. Topping the short term downtrend channel and crossover of the 8 period exponential MA over the 13.

Looking for a move lower of GE with possible support levels at 24.80 and 23.30

Posted to "Deep Money Stock and Opt... on Mar 09, 2015 — 9:03 AM
Comments ({[comments.length]})
Sort By:
Loading Comments
No comments. Break the ice and be the first!
Error loading comments Click here to retry
No comments found matching this filter
  • {[]} — Marketfy Staff — Maven — Member
Want to add a comment? Take me to the new comment box!