GE Aerospace: double bottom repeats, 7th week
GE Aerospace slips 2.9% but repeats its double bottom: buy signal's 7th week
GE Aerospace: double bottom repeats, 7th week
Our view last week
GE Aerospace shares fell 4.8% this week, but the session that carved out a double bottom in the 315 area has already recovered 5%: the weekly picture stays bullish, though three warnings show up — buyers retreating, sellers dominant on the last bar, and volume contracting. The trade is in week 6, up 10.97%, with the first management window just reached. And earnings land this very week, on July 16: volatility could rise.
This week's summary
GE Aerospace shares slip 2.9% this week, repeating the pattern from seven days ago: a fresh double bottom in the 318 area, already drawing an early bounce. Contracting volume and a weak last candle show less conviction, yet the weekly structure stays bullish - IQS at 54, signal strength medium. This week's technical read confirms the buy signal in its seventh week, stop already at breakeven.
IQS Phase
54
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#57 / 112
US stocks in progress
Trade P&L %
+7.74%
from signal to today
restricted Platinum content