US Markets - GE - October 8, 2018

publication date: Oct 8, 2018

Cerundolo Investment Research    

US Markets Update  

Volume 2, Issue 10
October 8, 2018

 

Items of Interest: 

  • Last month GE pulled back to the top of a Make or Break (MOB) support band and held. Currently, we have a bullish Money Flow Unit (MFU) that has developed on the daily chart with initial targets of $17 and $18.75. This is a long-term bullish call on GE and we would expect some backing and filling as the stock approaches its 200-day average $14.13. We believe this is the first innings of a significant low taking shape. Additional comments on the attached charts.

     

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