Just weeks ago, we featured General Electric (GE) in a Chart of the Day following allegations of fraud back in August 2019. Since then, we’ve watched as the stock caught strong support around $8 along with oversold reads on the Bollinger Bands (2.20), W%R, RSI, and MACD.
Since spotting that opportunity in August 2019, the stock exploded from a low of $8 to a high of $11.72. All we had to do was exploit herd mentality, and wait. In fact, that’s one of the best – most profitable ways – to make money in today’s volatile market.
This is just one of the opportunities we find quite often inside Extreme Option Profits.
PS. Be sure to come back Tuesday for our next Chart of the Day!