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GE - Perfect Setup For HUGE Profits!

NYSE:GE   GENERAL ELECTRIC COMPANY COMMON STOCK
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GE             is due for a huge bounce as rumors online talk of Warren Buffest possibly helping GE             out of this long bear downtrend. CNBC announced yesterday that "General Electric would be an ‘ideal Warren Buffett investment".

From a technical point of view, we are in the 5th wave confirmation of the Elliot Wave confirming a bounce is coming. We are also seeing prime buying opportunities shown by the RSI as it is currently overbought and looks to start heading back up to the 30 line.

This might just be one of the nicest bounces a stock has seen for a while. We will have to see what news transpires between Buffet and General Electric but we are optimistic of a bounce in the near future.

Profitable Indicators Used in this Idea:
Auto Support with Resistance Lines - Red and Purple Lines
RSI
Elliot Wave

Enjoy life, enjoy trading!
Travis

Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Trade Indicators are not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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