Stocks

General Electric readies to pierce pivotal support - Analysis - 10-08-2018

2018-08-10 13:31:30 GMT (Economies.com)

General Electric's stock shed 0.84% in the last session, or 0.11 points, while readying to breach the pivotal support of 12.73, with negative pressure from the 50-day SMA, coupled with negative signals from the Relative Strength Index, and amid the complete dominance of the main downward trend in the medium and short terms. 

 

Therefore we expect more losses for the stock, especially if the support of 12.73 was breached, targeting the next one at 11.10. 

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