GE General Electric Company Options Ahead of EarningsIf you haven`t bought GE ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of GE General Electric prior to the earnings report this week,
I would consider purchasing the 105usd strike price in the money Calls with
an expiration date of 2023-11-17,
for a premium of approximately $5.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
GE
General Electric bouncing off 20-EMA.General Electric Company - 30d expiry - We look to Buy at 111.71 (stop at 108.71)
The primary trend remains bullish.
There is no clear indication that the upward move is coming to an end.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
20 1day EMA is at 111.54.
We look to buy dips.
Previous resistance at 111 now becomes support.
Our profit targets will be 119.21 and 120.21
Resistance: 115.70 / 117.96 / 120.00
Support: 113.45 / 111.00 / 110.00
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GE General Electric Company Options Ahead of EarningsAnalyzing the options chain and chart patterns of GE General Electric Company prior to the earnings report this week,
I would consider purchasing the 110usd strike price Calls with
an expiration date of 2023-8-18,
for a premium of approximately $3.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Levels of Interest $GETA levels of interest for NYSE:GE
Please note that this is a preliminary research paper and you should continue to do your own research (DYOR). Information about assets can change rapidly, and it's essential to stay updated with the most recent developments.
Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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GE reversing to down trend SHORTGE has been trending recently off a base of consolidation after a downtrend. In the last session,
the reversal began. The 15 minute charts shows price riding the upper bands of the anchored VWAP
in the overvalued and overbought zone. The support resistance indicator of Luxalgo shows that
price bounced down from the resistance zone. The stochastic RSI shows bearish divergence and
loss of strength. I see this an opportunity for a swing short trade which will be synergized if the
general market takes a downturn in the week upcoming. I will play this with put options with
10 DTE at a strike a few percent above market price and look for 50 % return in the 5-7 trading
days upcoming. I will sell a few days before expiration no matter to avoid time decay affecting
the potential profil.
GE: Strength Ahead of Earnings ReportThis old company struggled to reinvent after the banking debacle destroyed its consumer financing division. Older companies CAN reinvent and start a new life.
I'm showing the Weekly Chart first so you can see the support zone below and the strong resistance above, where the stock may head sideways for a time.
Around $67 is the high of a completed short-term bottom that provides strong support for the current price action.
The stock entered the strong resistance level of the Trading Range highs of 2021 - 2022 with what I call a "pre-earnings" run.
On the daily chart:
GE had a strong momentum run ahead of its earnings report. This was a pre-earnings run, which tend to develop 2-4 weeks ahead of the earnings release. The company is reporting Tuesday this week.
The strong reversal candle on Friday after 2 down days is also an indication that the report will be good.
GE Weekly View - Potential Inverse Head and Shouldersmost of my notes and thoughts are on the chart
- 3 major moves to the down side, with what appears to be a iHnS potential taking shape
--Need to see much more volume (buying) to confirm with better probability that this pattern pans out
---low volume with price increase would indicate weakness imho
- IF, this were a legitimate inverse HnS and the pattern completed:
--Target of ~$300.00 as indicated by blue horizontal trendline
--*a more conservative target of ~$195 could be made and the higher target could fail due to resistance at yellow trendline
**(marked by the yellow X and the 2nd yellow X near $195)
*Note the time frame of this trade....several years to see in totality. This is something to just keep an eye on for longer term investment
this is not financial advice, simply notes on what i see and should be used for observation/education only
General Electric remains bearish.General Electric Company - 30d expiry - We look to Sell a break of 82.98 (stop at 86.11)
We are trading at overbought extremes.
The primary trend remains bearish.
Bearish divergence is expected to cap gains.
Posted a Double Bottom formation.
A break of the recent low at 83.20 should result in a further move lower.
Trading has been mixed and volatile.
A higher correction is expected.
Our profit targets will be 75.15 and 73.15
Resistance: 86.60 / 87.60 / 88.40
Support: 84.70 / 83.20 / 80.00
Disclaimer – Saxo Bank Group.
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Short term bulls on General Electric. GEGoals 98, 102. Invalidation at 88.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Elliott Wave View: General Electric (GE) Ended 5 Waves RallyThe short-term Elliott wave view in General Electric (GE) ended wave (1) at 88.03 low. Wave (2) rally is currently in progress as a zigzag Elliott Wave structure. Up from wave (1), wave A of the zigzag ended at 100.68 with internal subdivision as 5 waves impulse. Up from wave (1), wave ((i)) ended at 91.77 and pullback in wave ((ii)) ended at 88.05. The stock then extended higher again in wave ((iii)) towards 100.59. Wave ((iii)) subdivided again as a 5 waves of lesser degree. Up from wave ((ii)), wave (i) ended at 92.28, wave (ii) dips ended at 91.03, wave (iii) ended at 98.44, wave (iv) ended at 96.16, and wave (v) ended at 100.59.
Wave ((iv)) pullback ended at 98. Internal of wave ((iv)) subdivided as a double three. Down from wave ((iii)), wave (w) ended at 98.63, wave (x) ended at 100.47, and wave (y) ended at 98. This completed wave ((iv)). Stock then extended higher in wave ((v)) towards 100.68 which should also complete wave A. The stock is now pulling back in wave B to correct cycle from January 27 low. Internal of wave B is unfolding as a zigzag structure where wave ((a)) should end soon. The stock should bounce in wave ((b)) before it resumes lower again in wave ((c)). As far as pivot at 88.03 low stays intact, expect pullback to find support in 3, 7, or 11 swing for more upside.
GE Retirement PlanPost-correction GE could retest the median on its current declining fork, fundamentally they are a company that makes things, real things that the world needs right now, and in the future.
This is an extremely long term chart with little near term trading implication, but if we see a bullish pull from that median I wouldn't hesitate to invest in diverse large industrials like this.
General Electric (NYSE: $GE) Could See An Extra Bright 2022! 💡General Electric Company operates as a high-tech industrial company worldwide. The company's Power segment offers heavy-duty and aeroderivative gas turbines for utilities, independent power producers, and industrial applications; maintenance, service, and upgrade solutions to plant assets and their operational lifecycle; steam power technology for fossil and nuclear applications, including boilers, generators, steam turbines, and air quality control systems; and advanced reactor technologies solutions comprising reactors, fuels, and support services for boiling water reactors. This segment also applies the science and systems of power conversion to provide motors, generators, automation, and control equipment; and drives for energy intensive industries, such as marine, oil and gas, mining, rail, metals, test systems, and water. Its Renewable Energy segment provides various solutions for its customers through combining onshore and offshore wind, blades, hydro, storage, solar, and grid solutions, as well as hybrid renewables and digital services offerings. The company's Aviation segment designs and produces commercial and military aircraft engines, integrated engine components, electric power, and mechanical aircraft systems; and provides aftermarket services. Its Healthcare segment develops, manufactures, markets, and services magnetic resonance, computed tomography, molecular imaging, x-ray and high-frequency soundwave systems, clinical monitoring and acute care systems, enterprise digital, artificial intelligence applications, consulting and command center, and complementary software and services; and researches, manufactures, and markets imaging agents. The company's Capital segment offers aviation leasing and financing, and working capital services; financial solutions and underwriting capabilities; and insurance and reinsurance for life and health risks, as well as annuity products. The company was founded in 1878 and is headquartered in Boston, Massachusetts.
Can An Electric Shock to GE make it Fly? I can see a setup one , what would be otherwise known is the Volatility contraction or the SQUEEZE pattern, but I call it The Setup 1.
The Alligator (the three lines) are squeezed into a TIGHT Box (the grey zone, is AIMS Box Indicator).
The AO has a peak of 3 (green histogram peak) which was then followed by the squeeze.
But that was the past, Now its broke out of the box, and the way up is obviously in its way.
Buy now Target $138 (Target Zone one) wave 5.
$GE earnings analysis *This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been digging into global tech company $GE for the past few days in anticipation of their upcoming earnings report. $GE continues to be a dominate power in air travel (aerospace engines), precision public health (medical diagnostic equipment), and energy transition (steam and wind turbines). This company is a triple threat and certainly not a force to be reckoned with.
$GE has a great technical set-up right now on the charts as well. If $GE has an earnings beat pre-market expect current resistance at $115-116 to be broken sometime during the day. My team still has yet determined a good take profit on $GE due to a lack of uncertainty in the companies potential. However we believe that $145 is a key zone to look at if an uptrend does emerge.
My team entered $GE on 10/25/21 at $104 per share. This is a long term trade.
Earnings are expected to be announced premarket on 10/26/21.
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Beautiful Channel!Money Makers!
GE has been trading in a horizontal channel for a very long time. It recently was rejected from moving higher and is currently attempting to bounce off the 50 EMA. If the 50 EMA fails we can expect it to move lower to retest the bottom of the channel again.
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It's all about Market structure, Area of value, and Entry Trigger.
Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect!
This is not financial advice.