GE breakout of descending triangle or rebound from double bottom
Aktualisiert
Although the descending triangle is technically a bearish pattern, the price movement seen here can also be considered a double-bottom. In that case, the price should rise upward and possibly create a channel.
RSI and MACD are not giving any clear signals.
Recent analysts' recommendations all say that GE is a buy at this point.
Overall, I would say that this idea has a 50-50 chance of working. However, the risk to reward ratio is ~4.5 and possible gains of 24% which is pretty good. I'm gonna enter in long and see how it goes
RSI and MACD are not giving any clear signals.
Recent analysts' recommendations all say that GE is a buy at this point.
Overall, I would say that this idea has a 50-50 chance of working. However, the risk to reward ratio is ~4.5 and possible gains of 24% which is pretty good. I'm gonna enter in long and see how it goes
Kommentar
So far it looks like it's going up. I'm hoping for it to hit $8Trade geschlossen: Stop wurde erreicht
Got stopped out for a loss of 5%
Haftungsausschluss
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