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GE Aerospace

GE - Trading within the zone

Por AlvinAloysiusGoh
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One of my earlier newbie TA that I did a few weeks ago but wanted to confirm the resistance level at 10.5. Seems that its trading within a range of between 9 and 10+. GE has seen better days and perhaps, trying to find a new footing. Waiting for ADX to show a more robust and clear upward above 20 with corresponding DI+ before going long. Just a thought.
Comentário
Exciting trading day for GE as it tried to break the 10.5 level but unfortunately, it was not sustained as GE closed lower. Hopefully we see a more sustained level above 10.5 with the ADX moving clearly above 20.
Comentário
GE had a good showing and broke the 10.5 level with DI+ and ADX moving higher. Next resistance level from my newbie's view is around 11 to 11.30. Do let me know if my charts make sense as I'm still learning. Thanks
Trend Analysis
AlvinAloysiusGoh

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