GE breakout of descending triangle or rebound from double bottom
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
Note
So far it looks like it's going up. I'm hoping for it to hit $8Trade fermée: ordre d’arrêt atteint
Got stopped out for a loss of 5%
Clause de non-responsabilité
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.