Antony_NPBFX
NPBFX Representative (unconfirmed)
- Messages
- 1,100
General Electric Co.: technical analysis 06.05.2024
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on General Electric Co. for a better understanding of the current market situation and more efficient trading.
Shares of General Electric Co., an American diversified corporation, are moving as part of a strengthening uptrend around 164.00.
On the daily chart of the asset, the price is working out the March price gap of 175.00–140.00.
On the four-hour chart, the upward movement may continue, as the quotes have consolidated above the resistance level of 160.00, and the nearest obstacle remains the high of 166.00, consolidation above which will allow the asset to reach the opening price gap level of 175.00.
Technical indicators are strengthening the buy signal: fast EMA on the Alligator indicator are above the signal line, preparing to continue expanding the range, and the AO histogram is forming ascending bars in the buy zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 166.00, with the target at 175.30. Stop loss – 162.00. Implementation period: 7 days or more.
Short positions may be opened after the price declines and consolidates below 161.00, with the target at 148.00. Stop loss – 166.00.
Use more opportunities of the NPBFX analytical portal: E-book
If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.
You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on General Electric Co. and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on General Electric Co. for a better understanding of the current market situation and more efficient trading.
Shares of General Electric Co., an American diversified corporation, are moving as part of a strengthening uptrend around 164.00.
On the daily chart of the asset, the price is working out the March price gap of 175.00–140.00.
On the four-hour chart, the upward movement may continue, as the quotes have consolidated above the resistance level of 160.00, and the nearest obstacle remains the high of 166.00, consolidation above which will allow the asset to reach the opening price gap level of 175.00.
Technical indicators are strengthening the buy signal: fast EMA on the Alligator indicator are above the signal line, preparing to continue expanding the range, and the AO histogram is forming ascending bars in the buy zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 166.00, with the target at 175.30. Stop loss – 162.00. Implementation period: 7 days or more.
Short positions may be opened after the price declines and consolidates below 161.00, with the target at 148.00. Stop loss – 166.00.
Use more opportunities of the NPBFX analytical portal: E-book
If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.
You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on General Electric Co. and trade efficiently with NPBFX.
