GE show downtrend indicators according to MACD that shows overbought with negative cross between MACD and MACD signal. Also the price has been breaking the second uptrend which started to creat it on 12 NOV.
best strategy for now, is to short the stock or to buy a put option and the target will be 8.73 according to Fibbonatchi retracements.
Buy the stock progressively at Fib 38.2% and 50%.
best strategy for now, is to short the stock or to buy a put option and the target will be 8.73 according to Fibbonatchi retracements.
Buy the stock progressively at Fib 38.2% and 50%.
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