Thematic - Buy GE

publication date: Jun 21, 2019

GE has cleared above a four-month downtrend and looks poised to break above the MFU-2 level at $11.50 which capped the rally off the December low. We are long and would press the position above $11.50, which will then target $14 at the MFU-3. The rally off the December low to the MFU-2 target was, +75% and we expect another +31% from here in the coming months.

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