One of my earlier newbie TA that I did a few weeks ago but wanted to confirm the resistance level at 10.5. Seems that its trading within a range of between 9 and 10+. GE has seen better days and perhaps, trying to find a new footing. Waiting for ADX to show a more robust and clear upward above 20 with corresponding DI+ before going long. Just a thought.
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Exciting trading day for GE as it tried to break the 10.5 level but unfortunately, it was not sustained as GE closed lower. Hopefully we see a more sustained level above 10.5 with the ADX moving clearly above 20.
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GE had a good showing and broke the 10.5 level with DI+ and ADX moving higher. Next resistance level from my newbie's view is around 11 to 11.30. Do let me know if my charts make sense as I'm still learning. Thanks