The case for a reversal in GE continues to firm up on the weekly, daily & this 60-minute charts. As such, GE will be added as an Active Long Swing Trade as well as a Growth & Income Trade around current levels (14.58ish area).
The price targets are T1 at 15.20, T2 at 15.86 & T3 at 17.19. The maximum suggested stop for those targeting T3 is any print of 13.70, with a higher stop suggested for those only targeting T1 and/or T2. The suggested beta-adjusted position size for this trade is 1.0. Weekly, daily & 60-minute charts (with targets & stops listed) below:
- GE weekly March 8th
- GE daily March 8th
- GE 60-min March 8th
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