GE General Electric 2-Hour Chart; Oversold; Falling Wedge; Positive Divergence; Lower Band Violation

Keystone mentioned the General Electric turd a few days ago with the charts setting up with positive divergence. The 2-hour chart shows price down to the lower band so a move back to the middle band at 15.12 and falling is on the table. RSI and stochastics are oversold agreeable to a bounce. The falling wedge pattern is bullish.

The thing against GE is that it has downside momentum so despite the strong possie d you have to think twice about longing it since more bad news may be on the come. The indicators are all possie d, however, so she is likely on the launch pad. The ddaily adn weekly charts are positively diverging. After the multi-months of falling like a stone and knife-catcher after knife-catcher running away with bloodied hands, GE is finally set up for a go. There are a lot of shorts in this ticker so if the possie d starts a launch  move, it may accelerate with some short covering.

Keystone bot some. If it begins falling apart, the trade will be exited and a different long entry will be studied. If the Aroon can do a positive cross with the green line spiking above the red that would be a healthy go signal that the possie d is kicking into gear. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.