General Electric suffers from negative pressures - Analysis - 17-10-2018

General Electric's stock kept falling in the short-term trading, recording another loss of 0.41% in the last session, or 0.05 points, amid the dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI. 

Therefore we expect more losses for the stock, as long as the resistance of 12.82 holds on, targeting the support of 11.22. 

Expected trend for today: Bearish