GE had a huge decline from $32 to $17 label. However it seems getting some support here, and it had a huge insider buying recently on this label.
We think if it can break above its MA lines, it has good potential to jump to $20 area easily. ne from $32 to $17 label. However it seems getting some support here, and it had a huge insider buying recently on this label.
* Trade Criteria *
Date First Found- December 13, 2017
Pattern/Why- Long from Support
Entry Target Criteria- Break of $18.16
Exit Target Criteria- $19.83 & higher (Longer term Hold)
Stop Loss Criteria- N/A
Indicator Notes- Testing a long term support
Special Note- Huge insider buying recently
Please check back for Trade updates. (Note: Trade update is little delayed here.)
We think if it can break above its MA lines, it has good potential to jump to $20 area easily. ne from $32 to $17 label. However it seems getting some support here, and it had a huge insider buying recently on this label.
* Trade Criteria *
Date First Found- December 13, 2017
Pattern/Why- Long from Support
Entry Target Criteria- Break of $18.16
Exit Target Criteria- $19.83 & higher (Longer term Hold)
Stop Loss Criteria- N/A
Indicator Notes- Testing a long term support
Special Note- Huge insider buying recently
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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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.
Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at smartmoneytrading.com/now
Check out some of our free video examples @ smartmoneytrading.com/insights/
Check out some of our free video examples @ smartmoneytrading.com/insights/
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.