Great Savings

Thursday, May 2, 2019

 GE is in uptrend from 8.80 bottom with higher lows 9.00 and 10.00 , holding above 50 SMA , with up-trending 9 and 20 EMAs,  with 2 inside days consolidation while SPY made 2 day pull back from ATH . The daily wicks are concerning but so far did not close bellow 10.00 besides the sell off in the markets from ATH.  May take some time till the 9 and 20 EMAs  catch up and act as stronger support , which can later turn to be a launch pad for GE to take off towards $12. So if I was short I'd be lot  more worried then being long


Here is the SPY daily chart , two days pull back from ATH into supporting 20 EMA

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