$GE #turnaround possible #long #watchlist #surprise #breakout
Many of us have thrown GE out of the long pile and into the short pile, but there is some interesting activity on the chart.
Weekly
Notice the little green spike on the chart? Notice a MACD crossover? Notice the stoch RSI pointing up? Notice OBV pointing up?
Further when you look at the 30 minute chart, notice the stair stepping pattern in the OBV and the stock price action.
I think if you have shorts on GE, go ahead and close some of those out and consider addicting GE to your watch list. This might be a 2018 dogs of the dow stock.
Weekly
Notice the little green spike on the chart? Notice a MACD crossover? Notice the stoch RSI pointing up? Notice OBV pointing up?
Further when you look at the 30 minute chart, notice the stair stepping pattern in the OBV and the stock price action.
I think if you have shorts on GE, go ahead and close some of those out and consider addicting GE to your watch list. This might be a 2018 dogs of the dow stock.