General Electric in a hesitant place - Analysis - 20-03-2019

Economies.com
2019-03-20 14:15PM UTC

General Electric's stock traded alongside the downward medium-term trend line, rising within an ascending short-term wave, with positive pressure from the 50-day SMA, with positive signals from the RSI. 

 

Therefore we expect the stock to return lower, as long as the resistance of 10.77 holds on, targeting the support of 9.23. 

 

Expected trend for today: Bearish 

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