Friday, 1 December 2017

GE - starting the month bearish

General Electric (GE) began the final month of 2017 on a bearish note, settling -2.2% at $17.88. November saw the stock settle net lower for a ninth consecutive month, and on balance, December will surely settle net lower. The Oct' close <$22, offers no major support until the $13s.

GE daily

GE monthly


Suffice to add... the horror show continues.

November was always about whether Flannery could inspire, and he failed, with Mr Market smashing the stock from $20.75 to $18.29. The Nov' low of $17.46 looks set to be taken out before year end, as there will no doubt be some degree of tax-loss selling.

yours.. bearish to the $13s.