ian_arifin Posted January 11, 2012 Report Share Posted January 11, 2012 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!!! Quote Link to comment Share on other sites More sharing options...
Kristianto Posted January 19, 2012 Report Share Posted January 19, 2012 it is quite surprising that there would be a bullish call on GE. us equities are currently overvalued IMHO... Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.