DD - GE
$GE Aerospace(GE.US$General Electric formed a Head and Shoulders pattern starting on June 17, 2021, and ended on July 15, 2021. This pattern was soon followed by a breakdown. Since then, the stock has been operating in a horizontal channel with resistance at $107 and $98. Look to enter the market around the lower resistance mark. We’d also like to highlight the month of March. There was a lot of positive news during March which explains the increase in GE share price.
Bullish Case
- Green Movement/Carbon Neutrality (Aviation/Energy industries)
- CEO Larry Culp driving down debt and liabilities
- Lack of substitutes in the market
- Green Movement/Carbon Neutrality (Aviation/Energy industries)
- CEO Larry Culp driving down debt and liabilities
- Lack of substitutes in the market
Bearish Case
- Digital Transformation Failure
- Stiff Competition (Siemens and 3M)
- Healthcare Industry Regulation
- Lack of infrastructure in Energy Industry
- Digital Transformation Failure
- Stiff Competition (Siemens and 3M)
- Healthcare Industry Regulation
- Lack of infrastructure in Energy Industry
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