CFD Trading – Buy General Electric Company (GE.NYS) @ $7.20. Stop at $6.70 and Target at $8.35

General Electric Company Stock Code GE.NYS

Price moved to a high of $7.35 and closed at $7.29 last Friday. This was higher than a recent range which dated back to early July 2020. This could be a sign of a resumption of a bullish trend after price broke above the cloud 1 week ago. It also moved above a recent high creating a V-shaped price structure breakout which has a price projection target of $ 8.35. This is close to the high of $8.54 which was created on 8 June 2020. Conversion line and Base line had a bullish crossover, confirming the bullish trend. Lagging Span is above price of 26 days ago and is above the cloud at the moment, confirming the bullish trend. . MACD is bullish and is moving higher, confirming the bullish trend.

$7.20                 Buy
$8.35                 Price Target
$6.70                 Risk Management Stop
3 weeks              Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.