GE is poised for a big leg up

Exactly one month ago, I was talking bullish about GE and felt that its bottom was very near if not in already. Since then, GE has been largely drafting lower towards low $17. While its price action has not shown any positive sign yet, it is becoming more technically bullish. Its momentum indicator has become more positive (MACD moving up) when its price is moving down. This week it has shown another very strong sign of bottoming. A Deutsche Bank analyst provided very bearish comment on GE with his price target of $15. Normally such a bearish analyst call will move the stock strongly to the downside, this time GE did not really budge much. After all, all the points the analyst talked about were nothing new and have likely been priced in for the stock by now. I think this is another very good sign that GE has got its bottom and its next big move will be upward. I bet GE may be among few stocks that could move up quickly by 15-20% in the next few weeks. It is one of the low risk stocks for short term bullish trading. Since no one is interested in it, its call options are quite cheap and could be a great way to bet on it without much risk involved.