GE Very nice Risk/Reward, unfortunately into earnings
Very nice short setup for GE with one of the best Risk/Reward in a while.
I'm not playing this one as i try to avoid setups that contain an earnings report in them, but if i would play it i'de see if tomorrow Wednesday October the 13th, 2015 confirms with another lower, weak daily candle.
Stop loss: ~ 28.40
Open: ~ 27.40-27.90, if confirmed
Target 1: ~ 26.49
Target 2: ~ 25.42
I'm not playing this one as i try to avoid setups that contain an earnings report in them, but if i would play it i'de see if tomorrow Wednesday October the 13th, 2015 confirms with another lower, weak daily candle.
Stop loss: ~ 28.40
Open: ~ 27.40-27.90, if confirmed
Target 1: ~ 26.49
Target 2: ~ 25.42
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It's always good to have your rules confirmed. Playing stocks during earnings season is like trying to cross a minefield!
