GE long idea
GE has been tanking like a rock, removing demand along the way and creating supply zones in their place. The parabolic drop in prices suggests that buy orders are sitting under current price.
From supply and demand perspective 17.27 looks interesting as we have a drop base rally demand zone sitting right under current price which could yield a nice area of reversal if price continues its parabolic drop.
From supply and demand perspective 17.27 looks interesting as we have a drop base rally demand zone sitting right under current price which could yield a nice area of reversal if price continues its parabolic drop.
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