Category Archives: upside target

On January 21 2018, when General Electric (GE) was trading around $16, we said, “the speed at which the current decline is taking place indicates that sentiment will push the stock to the $5.27 price and the elimination from the Dow Jones Industrial Average is eminent.”
On May 15, 2020, General Electric (GE) achieved a closing low of $5.49, 4.17% above our estimated downside target.
On January 1, 2019, when General Electric was trading around $7.25, we said, “…now is the time to consider the upside resistance targets. The above chart lays bare the expectations for an upside move.” We also said, “The year 2019 could be forgiving to GE…” This was 12.40% above the December 12, 2018 low.
As of March 10, 2021 (intraday) General Electric is +82.75% above our January 1, 2019 indication to look to the upside.

Upside targets:

Below are the upside targets for General Electric. The price targets indicate a range at which the price is expected to experience resistance before continuing the rising trend or before breaking down to the prior downside target.

Those willing to accepted the risk of the price declining to the prior low ($5.49) could strategically accumulate shares based on this approach.

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Posted in Edson Gould, GE, upside target

Nikkei Upside Resistance Targets

Posted on December 7, 2020 by nlo-admin | Leave a comment

Below are the upside resistance targets based on the work of Edson Gould and applied to the Nikkei 225 Index from 1989 to 2020.

As can be seen based on the conservative upside target of 22,983.45, once the level of the index got to the 22,937.60, there was a trading range established with a significant downside move before breaching the 28,401.78 mid-range target.

The new upside resistance level to watch for is 28,401.78. At this point, we should expect similar price action of trading in a range and/or declining sharply before the next surge to the upside.

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Posted in Edson Gould, Japan, Nikkei, SRL, upside target

Boeing: Upside Targets Before and After

Posted on July 12, 2020 by nlo-admin | Leave a comment

A question has come in about the use of upside resistance targets. Why bother looking at the upside targets? The case of Boeing (BA) should prove instructive.

On April 15, 2020, we posted upside speed resistance lines for Boeing (BA). At the time, the upside resistance targets were:

$276.82
$326.57
$383.59

Upside resistance targets are reflected in both time and price on a relative basis where a stock, after falling from a major high, will likely experience resistance on the move higher.

Since our April 15, 2020 posting on Boeing, a meaningful reflection of what investors should look for when anticipating the increase in the stock price is highlighted below.

As Boeing has increased from the low of $95.01, the stock price achieved the first upside resistance target at $267.82. Circled in red is the anticipated resistance in the stock price. What this usually means is that the stock price would decline or trade in a range.

For those determined to buy Boeing, regardless of fundamentals, upside resistance targets are a great places to anticipate possible turning points. The flip side to this story is that we generally expect a re-test of the prior low or some semblance of a decline near that level.

Worth noting, when Boeing cracks the upside resistance target of $267.82 then $326.57 becomes the next resistance target and $267.82 becomes the next support level. Prices above the first upside resistance target is generally the best level to buy a stock if it is backed by the fundamental prospects.

The story for Boeing is still unfolding. We’ll update the April 15, 2020 posting at situation continues to evolve.

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Posted in BA, Edson Gould, SRL, upside target