GE continues its bullrun LONG

2024년 3월 12일

GE on the weekly chart has been in a trend up with some corrections along the way since a

double bottom in the summer of 2022. It has had some sections spin-off including the health

care poriton of the company. This company as a mega-cap industrial with cash on hand

is independent of interest rate concerns. Much of its business in long term contracts. I see

GE as a great long-term long trade. I am focused on accumulating long shares as well an

options into 2026. The last correction on this chart was this past October. I will average more

in at this time but am really looking for another smaller correction like last October for a

bigger buy to add to the positions. GE is safe from the volatility of most of the technology

stocks and in my opinion, is a good stock to "back up the truck".