General Electric (GE): Bear Flag Fractal
SUMMARY
General Electric, the behemoth that practically makes everything is like a Mammoth that stubled a couple of times. But he new CEO is proving to have some real gumption to transforming this giant from mediocre to a great company! The pair of bear flag fractals are prominent and each seems complete. There is a scenario for a lower low but it's unlikely for GE to go below $5.
The two flags fit well into an ABC corrective scenario as shown below and IF correct, the wave 1 and 2 of the five sequence are well underway! There is a count for a more complex correction but that'll be posted only when required.
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A person should consult with a finance or investment professional to determine what is best for your personal needs.
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I really hope we see General Electric do well. They have been around forever and from what I understand, they have moved their headquarters and got some good people on board...besides their genius engineers! I say this whole heartedly as my father worked for GE for ages. I'd love it to go up so he has a couple buck in his pocket from holding onto their stock. -Respect
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