Relative strength in 
GE is through the roof here, and very interestingly it comes while insiders are buying shares, after the CEO was fired and the stock removed from the S&P500 index. These are STRONG bullish signals, and not to be ignored.
The fact the stock broke into new 52 week highs, on big volume, while the market was down sharply is a clue here.
I'll be buying into a half position at market open and looking to add on retrace if viable later on.
Cheers,
Ivan Labrie.
GE is through the roof here, and very interestingly it comes while insiders are buying shares, after the CEO was fired and the stock removed from the S&P500 index. These are STRONG bullish signals, and not to be ignored.The fact the stock broke into new 52 week highs, on big volume, while the market was down sharply is a clue here.
I'll be buying into a half position at market open and looking to add on retrace if viable later on.
Cheers,
Ivan Labrie.
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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.