GE: Next buy points for counter-rally
GE Next Buy Points
We never got a chance for a long down by the lows, but we
did get the next one: the break above the small parallels
channelling the tiny corrective move yesterday and Monday.
It was a really good, painless/stress-free break too. So now,
after GE filled a small gap (left on chart) it's coming back to
support at 18.07 (tweaked by a couple of pips) and should
hold up there and bounce again (low risk entry point with
stops below 18.00 . If so, The next challenge should be at
18.46 (take profits) - we know that each of the last three
pathetic rally attempts have all been 100 pips...which is
exactly where 18.46 lies...then we only go long again once
we can see 18.50 has been broken on upside, looking for
19.36 where look to close (just under here) and some may
then wish to short with stops above. More as this develops.
Better than Bitcoin today too! Old V new. Today the old won.
There are some good trades here, between the lines - and so
much less stressful than Bitcoin. For a quiet, steady calm
trade GE wins hands down, no contest. Depends on your
profile.
We never got a chance for a long down by the lows, but we
did get the next one: the break above the small parallels
channelling the tiny corrective move yesterday and Monday.
It was a really good, painless/stress-free break too. So now,
after GE filled a small gap (left on chart) it's coming back to
support at 18.07 (tweaked by a couple of pips) and should
hold up there and bounce again (low risk entry point with
stops below 18.00 . If so, The next challenge should be at
18.46 (take profits) - we know that each of the last three
pathetic rally attempts have all been 100 pips...which is
exactly where 18.46 lies...then we only go long again once
we can see 18.50 has been broken on upside, looking for
19.36 where look to close (just under here) and some may
then wish to short with stops above. More as this develops.
Better than Bitcoin today too! Old V new. Today the old won.
There are some good trades here, between the lines - and so
much less stressful than Bitcoin. For a quiet, steady calm
trade GE wins hands down, no contest. Depends on your
profile.
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