GE is showing mediocre resistance at the 23% retracement. Eh, nothing special right? Up until you notice the RSI posing as a huge indicator for a long opportunity.
We haven't seen any levels like this in about 9 years, and over the course of 9 years, it showed a growth of approximately 279%. Now what does that mean? For one, it doesn't mean the investment is secure; that isn't until we get a confirmation within these next two weeks. The retracement is being used as a tool, within the retracement we can see a strong line of resistance at $22.86 (50% retracement), and $32.02 (100% retracement).
Essentially the major resistance areas would still mark an approximate 110% profit @ 50%, and 250% profit @ full retracement.
We haven't seen any levels like this in about 9 years, and over the course of 9 years, it showed a growth of approximately 279%. Now what does that mean? For one, it doesn't mean the investment is secure; that isn't until we get a confirmation within these next two weeks. The retracement is being used as a tool, within the retracement we can see a strong line of resistance at $22.86 (50% retracement), and $32.02 (100% retracement).
Essentially the major resistance areas would still mark an approximate 110% profit @ 50%, and 250% profit @ full retracement.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.