Hubert Senters here.
Let’s do a follow up question from a viewer that was asking about GE a few days ago so it’s acting pretty good here. If you’re looking at what’s going on here and you can see nice little bottom right here. Hold on I’ll mark it an arrow. First bottom, second bottom. You got a little bit of a double bottom there that has worked its way above the turning line about the standard line.
And now it’s trying to chew its way through the cloud. Depending on what your risk profile is in other words how much risk you like or how much risk you don’t like depending on how you’re going play this straight. So down here around the double bottom and it is closing above the turning or standard line.
I’d consider that more kind of high risk, a lower risk trade for me potentially would be if I can get GE to close above $10 but I know not everybody is risk profiles the same. Heck in the office here we’re always talking about well, I like this amount of risk, Jared like this amount of risks. Karen likes that amount of risks so I don’t know everybody’s different.
So an aggressive trade would have been down here but it’s paying your dividends if you did it. If you wanted to you could buy it here with a potential target of about $10 that’s kind of about medium risks. And for me which is a little bit more conservative.
I don’t have anywhere from three to anywhere from one to five bars above this cloud then I’ll nibble on the long side and try to hold it to the north of $14 billion so take a look at GE. Overall it’s starting to act a little bit better than it has in the past. And if you can continue to have the market price increase over time may not be a bad little value play.
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Good luck. Hope it helps. And I’ll see you on the next video.