Global Financial Engineering Blog For General Electric Company (GE)

Global Prop

Global Financial Engineering Blog For General Electric Company (GE)

General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments.

We have been bullish on GE after the stock price break above $7.06

GE was among the worst-performing equities in the S&P 500 index of US stocks but I am still bullish . The big question is why… 
It is my views that GE is still one of the most valuable company in the world. The major issue was with GE Capital. 
GE Capital is the financial services division of GE .. This division can be fix and I believe they are going to fix it. One of the strategy is to sell off GEcapital Portfolio. On November 16, 2018 — TIAA Bank announced the acquisition of a $1.5 billion portfolio of healthcare equipment leases and loans from GE Capital’s Healthcare Equipment Finance (HEF) business.Many more transactions like these will occur.. 

GE is currently trading at $7.41 after making a low of $6.57 in December 2018. This is just above its 2009 low of $5.85. 
If we can hold at $6.25 then I am looking for a retest of the next resistance zone at $12.30 to $18.75 
This bullish status is very risky! The major trend is down.. 

I would like to design a Counter-Trend Strategy for this stock for our Global Proprietary Equity Fund with an allowance of four(4) times the DailyAverage True Range ( 4 x 0.4210=$1.684) below the March 1, 2009 low of US$5.85. This will give us an Exit Price of $4.16 if our bullish analysis is wrong. 

This is a long term trade with four(4) price targets, four(4) entries and four(4) percentage(%) Risk. The entries will depends on price action at the support zones. 

Price Target 1: $12.50 
Price Target 2: $18.75 
Price Target 3: $25.00 
Price Target 4: $31.25 

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Comment ( 1 )

  • The Medium, Short and Micro-Trends for GE is now bullish and the stock close the week at approx. $10.12
    The stock fail to break above current resistance zone at $10.64 to $10.74. This increase the chance of a pull back into support zone at $9.00 to $9.38

    We will hold our positions and aim for our profit targets

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