I'm long the 31 February calls of GE, I do have the positive expectancy that the stock will bounce from the Yearly Pivot of 31 area, and move 35 area.
we'll see in the upcoming days if the 31 pivot point will hold and an upside breakout will occur.
anybody following this idea, should place stops on the 30-31 area.
we'll see in the upcoming days if the 31 pivot point will hold and an upside breakout will occur.
anybody following this idea, should place stops on the 30-31 area.
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I still do hold my position on the long side. the congestion area is getting tighter. a break below the 31 area will smell trouble.
