GE to Target, Gap Filled

As we’d noted for months in NFTRH, I expected GE to drop to the low 24s, where a gap needed to be filled. Boink. I had a GTC buy order in for around 24.30 but canceled it pending the market view. Once I felt I wanted more market exposure during the Trump/N.K. hysterics, GE (among several other stocks, including the aforementioned GILD) was added at the downside target. I think a bounce to the noted resistance is a reasonable expectation.

ge

The daily chart shows the most fledgling of attempts to break a falling wedge. We’ll see how that goes.

ge

Subscribe to NFTRH Premium for your 40-55 page weekly report, interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com. Also, you can follow via Twitter @BiiwiiNFTRH, StockTwits, RSS or sign up to receive posts directly by email (right sidebar).