I wrote about GE here a few weeks ago as a name I like for 2020. Yesterday it had a monster move up after consolidating the impulse leg that took out two prior peaks. It was stopped dead in its tracks yesterday after a stretch to the peak that started the downtrend late October last year. I see new money entering and staying with this name. Always have to beware the Stephen Tusa research report but any hits from his reports should be looked at as buying opportunities. I don't expect this to give up much. Looking for $13.25-$13.70 which marks the two FIB tops outlined in the chart.
Note
Performed nicely today closing up after rising readily all day after the morning sell-off. Again, mid 13's before any meaningful correction.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.