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Limit5BassJanuary 20, 2018 at 9:10 am #30919
This long-term chart suggests that a wait strategy is still in play for GE even though it has performed a 61.8% retracement of its previous uptrend and is within my preferred purchase area. Wait until the MACD Histogram starts to decrease in selling momentum before making that first scale-in purchase for your long-term portfolio. The area to look for a possible reversal is around the $13 mark, ask for an update when its around the area if you are interested in shares.
GE – General Electric
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