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General Electric: ready to spike

Long
NYSE:GE   General Electric Company
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The share has broken through the key $23 level and exited a strong downtrend that took hold in 2000. The flag pattern pointing to trend continuity has shaped up, implying further upward price movement to the $33 mark and then on to the $38 mark. Targets of a sustainable price range lie there. Steady growth in OBV, which has reached new highs, also tends to validate this idea.

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