CFD Trading – Buy General Electric Co. (GE.NYS) @$104.40. Stop @ $100.80 and Target @ $110.00

General Electric Company Stock Code GE.NYS


Price broke above the cloud in the previous trading session and closed above the cloud, triggering a bullish reversal. Price also created an Ichimoku V-shaped reversal with a price target at $110.00, which is also close to the resistance at $110.87. Conversion and Base lines has not had a bullish crossover as yet. Lagging Span is above price of 26 days ago but is below the cloud. MACD has a bullish crossover hinting of a bullish price trend ahead.  We think price is likely to move higher to the Ichimoku V shaped price projection at $110.00 in the next 2-3 weeks.


$104.40              Buy

$110.00              Price Target

$100.80              Risk Management Stop

2 weeks              Trade Duration

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