AwesomeAvani

GE reversing to down trend SHORT

Short
NYSE:GE   GE Aerospace
GE has been trending recently off a base of consolidation after a downtrend. In the last session,

the reversal began. The 15 minute charts shows price riding the upper bands of the anchored VWAP

in the overvalued and overbought zone. The support resistance indicator of Luxalgo shows that

price bounced down from the resistance zone. The stochastic RSI shows bearish divergence and

loss of strength. I see this an opportunity for a swing short trade which will be synergized if the

general market takes a downturn in the week upcoming. I will play this with put options with

10 DTE at a strike a few percent above market price and look for 50 % return in the 5-7 trading

days upcoming. I will sell a few days before expiration no matter to avoid time decay affecting

the potential profil.
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