I couldn't ignore this chart when I looked at it. I noticed it instantly! 10 years later GE has returned back to the $10 range back from 2009.
GE did a 8 year run all the way to 2017 before falling off heavy for 2 years straight. I did another 8 year projection back to the same level it reached in 2017. I believe it will take this pair less than 8 years to reach back to the same level.
If this stock does take 8 years to recover than we should be looking around 2027 to reach the $30 per share range.
All in all I believe this is a very solid stock to invest in.
(Please comment and give your honest opinion.... Thank you)
GE did a 8 year run all the way to 2017 before falling off heavy for 2 years straight. I did another 8 year projection back to the same level it reached in 2017. I believe it will take this pair less than 8 years to reach back to the same level.
If this stock does take 8 years to recover than we should be looking around 2027 to reach the $30 per share range.
All in all I believe this is a very solid stock to invest in.
(Please comment and give your honest opinion.... Thank you)