GE Bullish to $12+
General Electric Co. (NYSE: GE) is expected to report its first-quarter results early on Tuesday. Overall, analysts anticipate earnings of $0.09 per share, as well as $27.05 billion in revenue. Shares traded at $9.57 on Friday’s close. The consensus price target is $12.61. The stock has a 52-week trading range of $6.40 to $14.99.
Off Technicals we see it finally breaking back above a major weekly trendline and using it as support.
Head and Shoulder pattern on the lower time frame and currently on a major reversal zone with multiple confluence showing bullish.
Mind you - Still SUPER new to technical analysis but sharing this for improvement and to hopefully bounce ideas off of traders and students alike.
let me know what y'all think :)
Off Technicals we see it finally breaking back above a major weekly trendline and using it as support.
Head and Shoulder pattern on the lower time frame and currently on a major reversal zone with multiple confluence showing bullish.
Mind you - Still SUPER new to technical analysis but sharing this for improvement and to hopefully bounce ideas off of traders and students alike.
let me know what y'all think :)
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