The chart may seem to be "out of the woods" here and ready to rally, but it basically only cleared the "aggressive sellers" that sold GE
down hard after the last earnings
report. It also is running into the last earnings
report (supply). It appears to me that $26.50-$27.00 is massive resistance and a low-risk zone to sell short against because this is the area where long term holders of GE
were exiting in the November-January time frame. I think additional sellers will come out here and we can "lean against" that supply by selling short here and looking to cover down near $25-$24.50. The previous earnings
report held the decline and confirmed that area as support. Earnings
are out for last quarter and reported last week. The raw facts about GE's revenues and after-tax profit margins reveals a flat underlying performance for the company and I would look for flat stock performance for the next year or more.