$Pistol Pete$, $Mick$ & Friends Stock Picks /news, DD and charts

[Long-vestor]

$GE Steady as she goes, as proposed; 6/20/18 weekly outlook {below} cover target fairly nailed on $12.61, double bottom is setting in yet, a bit uneasy with right leg ($12.61) lower than left. U wanna have a conformation signal at the $15.50's then test support in 14's, but does not test them ,12's again, or else. providing the 14-15's reside; the conformation of double bottom would be; for it to beak the 15's and refill the cup back to the $19's with a $15 consideration of stop loss should it fail $20. $12.50 stop if double bottom fails.

$GE Berry interesting weekly chart. Long-vestor Wednesday, 06/20/18 09:33:47 AM
Re: $Pistol Pete$ post# 186021 0
Post # of 187959

It's worth keeping an close eye on 12's as; a double bottom technical play, providing their fundamentals signal an alignment, may turn into a long hold. Currently, there ought to be a cover in the $12.50-12.75 target range.

Albeit, it also could simply be; a dead cat bounce off of March-April triple bottom. (dead cat bounce after triple bottom is common) and GE's going to hell following a break below the support.

Regardless watch for cover target and signals that either break support or break $14 area of resistance.

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