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General Electric Trading Analysis (01/11/2024)

01.11.2024

Market Review

The trend is ascending. The stock is trading in the range between 365 and 135 ЕМАs. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.

Trading idea:

Buy at the beginning of the formation of the ascending wave structure, when wave A breaks the sloping channel of the truncated downtrend structure.
Stop-loss at 170.20.
Price targets at 180.50 and 189.70.

#ge #generalelectric #stock #tradersroom #daytradingpatterns

Author: GC

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