Facebook Twitter Gplus YouTube E-mail RSS
Home Social Media Stock Market Indicators Social Media Stock Sentiment General Electric Clears Consolidation Warning

General Electric Clears Consolidation Warning

General Electric (GE) cleared its consolidation warning generated by our computer system that reads the Twitter stream today (9/12/13) at the close.  The consolidation warning was issued on 8/19/13 when the price was 23.85. The stock fell roughly 3.9% before recovering.  When a consolidation warning is cleared it suggests that the stock should continue its up trend and most likely make new highs.

Twitter sentiment for General Electric (GE)

 Share on Facebook Share on Twitter Share on Reddit Share on LinkedIn
2 Comments  comments 

2 Responses

  1. Russell Lechleiter

    My cycle analysis has a swing low right as of today, and the next high due about September 18.

    • DownsideHedge

      Thanks Russell. I like to see reinforcing independent analysis to my own work. In fact, the goal of the Twitter sentiment indicator is to try and find times when the majority of traders and investors on Twitter are in agreement. The theory is that if enough people are moving from bearish trades to bullish ones (as for GE in the chart above), then there is a higher probability that it will move up.

Add Comment Register

Leave a Reply

Your email address will not be published. Required fields are marked *

HTML tags are not allowed.