GE not a value stock anymore with unclear structure off the low

As you can see on the chart below updated today, we have got only three waves up off the December low. As long as it holds over 8.23 we may count that pullback off February 2019 top as a corrective wave iv down. Then it may rally first in wave ( a ) of ( v ) targeting the previous top in 12sh neighborhood, then a corrective wave ( b ) down, and, finally the final rally in wave ( c ) of ( v ) targeting a new higher high of 2019. That would be a completion of the wave A (subdivided into five smaller waves (i), (ii), (iii ), (iv) and (v) )started in December 2018 and the we may see a deep pullback down retracing substantial part of that rally in wave B down.

Another problem I stay cautious about GE is the fact that the company has been selling its best business to decrease its debt. Apparently that is not the best news for investors of that company.

I have found a number of great profitable companies with solid businesses and attractive valuation that have completed or about to complete nice bottoming patterns. They are much more interesting than GE. 

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