Review:
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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.”
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On May 15, 2020, General Electric (GE) achieved a closing low of $5.49, 4.17% above our estimated downside target.
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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.
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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.