Positive sparks offer further selling opportunity in GE. We look to Sell at 82.00 (stop at 87.00)
General Electric Company
Short Term - We look to Sell at 82.00 (stop at 87.00)
Previous support level of 85.50 broken. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. We look for a temporary move higher. The reaction higher is positive, however, we view this as an opportunity to set shorts in line with the overall bearish move lower. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 82.00, resulting in improved risk/reward.
Our profit targets will be 72.00 and 65.00
Resistance: 82.00 / 85.50 / 94.00
Support: 72.00 / 65.00 / 60.00
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Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
- Shocks from covid and the war in Ukraine have forced the global financial and political world to change, but what will the end game be?
Productivity and innovation have never been more importantAs the world economy hits physical limits and central banks tighten their belts, could equities be facing a 10-15% downside?
The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
The Great ErosionInflation is everywhere and central banks try to combat it. But will they get it under control in time?
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recessionWhile global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Cybersecurity – the rush to catch up with realityWith the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.
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