Results 1 to 2 of 2
  1. #1
    Standard Member Array
    Join Date
    Dec 2011
    Thanked 2 Times in 2 Posts

    Exclamation General Electric (Bullish)

    General Electric (NYSE) - long-term bullish

    this is what i found from Saxo TA tool

    Current price: 18.7
    Target price range: 20.6 - 21.3
    volume: 80M

    price seems have reach bottom after failing to break through support level and ultimately rising higher in a sign of reversal to a new uptrend.

    double bottom pattern forms during downtrend as price reach 2 distinct lows at roughly same price level.

    volume reflects weakening of downward pressure, tend to diminish as pattern forms, with some pickup at each low, less on second low.

    finally ... price breaks upward above the highest high to confirm the BULLISH SIGNAL!!!

  • #2
    Silver Member Array
    Join Date
    Dec 2011
    Thanked 13 Times in 7 Posts
    it is quite surprising that there would be a bullish call on GE.

    us equities are currently overvalued IMHO...

  • Similar Threads

    1. Forex General
      By conglo in forum MetaTrader Expert Advisors Chat
      Replies: 0
      Last Post: 11-21-2010, 07:04 PM
    2. Euro Weekly Pro EURUSD Bullish or Bearish
      By forex4love in forum Fundamental Analysis
      Replies: 0
      Last Post: 02-11-2010, 11:58 PM
    3. where can we post general questions??
      By scarface in forum Other Stuff
      Replies: 1
      Last Post: 09-24-2009, 12:58 AM


    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts