GE-160300-HISTORY-G1M-SHORT
A Speculative Frame Set,
GE, some articles speak about the weak fundamentals of this , but if we see the long way of this stock, the surprise does not exist. Is in free fall from 2000 over the split and only have a long flat uptrend in the past years (meaby is starting the recover way).
Now is close to touch the 1.414 of fibo and the middle of the month is presenting a black doji. If see with more detail:
We can observe how the price if filling a long ascending wedge from more than 250 days, is close to complete as well too 1.414 of fibo, i think this will go down.
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The red line was the resistance and now can be her support:
Target 1: 23 - 1 fibo?
SL: 32.5
Target 2: 18.21 - zombie apocalypse
Ideas, comments and corrections;
These are always welcome.
GE, some articles speak about the weak fundamentals of this , but if we see the long way of this stock, the surprise does not exist. Is in free fall from 2000 over the split and only have a long flat uptrend in the past years (meaby is starting the recover way).Now is close to touch the 1.414 of fibo and the middle of the month is presenting a black doji. If see with more detail:
We can observe how the price if filling a long ascending wedge from more than 250 days, is close to complete as well too 1.414 of fibo, i think this will go down.
-
The red line was the resistance and now can be her support:
Target 1: 23 - 1 fibo?
SL: 32.5
Target 2: 18.21 - zombie apocalypse
Ideas, comments and corrections;
These are always welcome.
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