GE is approaching a key resistant level at $11.35

My trading hypothesis is that GE reaches $11.35 before Christmas and then consolidates while waiting for its upcoming earning.
I will be aggressively trading it if it undergoes significant pullback (<10?).

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What next for GE?

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Argus - price target is raised to $14.

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wkly chart assessment: Resistant line is around 13.3

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a lot of bullish swing traders are waiting for pullback.

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GE options are very liquid and have rich premium.

評論:

A beat in cash flow is more than enough to keep the bull train rolling.