GE Aerospace

GE monthly angles.

71
For me to get the 12.89 area as a potential support area, I connected a white trend line on the swing low during the month of 12-01-14 @ 23.41 with the lower swing low during the month of 8-03-15 @ 19.37. Then I let that travel in time. After that, I placed a white vertical line on the swing high on 7-01-16 @ 33.00. Where it intersects with the white trend line is @ 12.89. To get the next area of interest where this could go upward, I placed a yellow trend line on the swing high @ 42.15 on 10-01-07 and connected it with the swing high on 7-01-16 and let it travel in time. Then I placed a yellow vertical line on last month's candle, with a low @ 13.95. And price, as yet, has not made a lower low than that. Where that yellow vertical line intersects with the yellow trend line @ 31.27 is where I'll be watching as a next potential top. I'm a long term investor, so I like looking at the higher time frames with less noise.

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