GE; bearish engulfing on Weekly resistanceance

2021年3月12日

GE has had a good run up since it bottom out at about $6. With lots of news about EV, it seems GE can go higher. But before that, it is always healthy to have some form a retracement.

Based on the 1H chart, a good place to start shorting is between $13-13.25

Target profit 1 is $10.50 area/ 20 MA

Target profit 2 is $8.50 area.

Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.

If you have any symbols that you'd like me to analyze, feel free to drop me a comment.

Thanks!

2021年3月15日

註釋

Oppss! Just realized I made mistake in thinking GE is General Motors!
Don't suppose GE has anything got to do with EV though

2021年3月16日

註釋

Should be a good time to sell GE now.

2021年3月19日

註釋

Went up higher to where I'd like it to be but let's see if it will start heading down next week. Setup still valid

2021年4月5日

註釋

Setup is actually invalided but let's see how it is tomorrow. If still goes up further, then will look to close the trade