waldipup

Time to Reenter GE

Extremely bad timing to push this stock to less than sophisticated investors.

Sure it was a buy at 6 .

Who knew it would go to 6?

Was it a buy only then , or at 9 before it hit 6 , 12 before it hit 9 ....

Now it has risen to 14 + and backed off to 13.

THIS IS ABSOFREAKINLUTELY NOT THE TIME TO RE-ENTER GE.

Sure , it could rise. Nobody can say for sure.

But you dont responsibly pump a stock that has taken the upward run this one has from its oversold level suggesting to buy near its peak ,

When all indications are that a correction is due.

Look at the overbought level (green , top of chart linked below) it is now just coming off of.

Look at the bearish MACD cross (black crossing below red , bottom of chart) after a loooong run up -

Indicating the recent small drop is the beginning of a change in trend.

Shame on you.

I dont know enough to guess at the longer term direction of GE ,
but you dont rec it now after a long run up and tech signals that it's peaked.

At leaast wait for a meaningful correction before pumping this.

stockcharts.com/h-sc/u...