Tag: General Electric

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

Nicholas

General Electric Company Stock Code GE.NYS

Outlook

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.

Strategy                  

$104.40              Buy

$110.00              Price Target

$100.80              Risk Management Stop

2 weeks              Trade Duration

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

Nicholas

General Electric Company Stock Code GE.NYS

Outlook
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.

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

CFD Trading – Sell General Electric Co. (GE.NYS) @ $6.90. Stop at $7.30 and target at $6.00

Nicholas

General Electric Company Stock Code GE.NYS

Outlook
Price broke and closed below the cloud on 9 July 2020 starting a bearish trend. During the correction, price was unable to move above the cloud, capped by the upper end of the cloud. The correction could be about to end and the downtrend resuming after price again moved below the cloud. Conversion and Base lines is about to have a bearish crossover. Lagging Span is below price of 26 days ago but is inside the cloud at the moment. MACD is bullish but we could see a bearish crossover soon, hinting of a bearish trend ahead. Both of MACD’s lines are around the zero line and can easily turn bearish. If price is unable to move above the cloud, price could be heading lower to $5.99 or 5.74.

Strategy
$6.90                 Short Sell
$6.00                 Price Target
$7.30                 Risk Management Stop
3 weeks Trade Duration

CFD Trading 28 May 2019

Nicholas

General Electric Company Stock Code GE.NYS

Outlook

Price is currently inside the cloud but it is almost at the edge of the cloud. Price could be about to break below the cloud. Both Conversion and Base lines are above price, which is a short term sign of a bearish trend. A small gap was opened up two days ago, hinting of a bearish trend. MACD is bearish and is about to go below zero line, which is a hint of a bearish trend ahead. Price could be heading back to the previous low of $8.78.

Strategy

$9.75 Sell
$8.78 Price Target
$10.10 Risk Management Stop
4 weeks Trade Duration

Bristol-Myers Squibb Co. Stock Code BMY.NYS

Outlook

Price went into the cloud 3 days ago, during the process of a corrective rally but that rally has failed to sustain and price has just broken below the cloud. A possible Double Top may be forming as price was unable to move above $47.82. If price is unable to move above this resistance, it is likely to decline to $44.23. Both Conversion and Base lines are supporting price at $46.70. A price move below $46.70 would trigger the decline to $43. MACD is still bullish at the moment, but it looks weak.

Strategy

$46.90 Sell
$48.10 Price Target
$44.25 Risk Management Stop
3 weeks Trade Duration

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CFD Trading 12 April 2019

Nicholas

General Electric Company GE.NYS

Outlook

Price closed below the cloud yesterday. Base and Conversion lines had a bearish crossover a few days earlier. There was a gap opened earlier, hinting of a downtrend. This could be the start of a bigger correction in price after a rally that began in Dec 11 2018 from $6.66, which brought price to a high of $11.75. The current decline could be the second part of a bigger correction. Using Fibonacci, an equal movement to the first part of the correction will likely bring price down to $8.50. MACD has turned bearish and is moving lower, which is in line with price’s likely direction.

Strategy

$9.15 Short Sell
$8.50 Price Target
$9.50 Risk Management Stop
2 weeks Trade Duration

Advanced Micro Devices Inc. Stock Code AMD.NAS

Outlook

Price is supported by the Conversion line and there was a gap support zone from $26.72 to $27.18. As long as this support zone holds, price could be about to test the previous high of $29.95 again. Overall, the trend is bullish as price is above the cloud and above both Conversion and Base lines. Price advance together with Conversion and Base lines, have steep positive gradient, hinting of a strong bullish trend. MACD is bullish and is high above its zero line, hinting again of a strong bullish price trend.

Strategy

$27.70 Buy
$26.50 Price Target
$29.95 Risk Management Stop
3 weeks Trade Duration

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