GENERAL ELECTRIC | Price is Moving Within a Megaphone Pattern
GENERAL ELECTRIC | Price is Moving Within a Megaphone Pattern
As we can see from the chart the price is moving inside
a megaphone pattern.
From the previous analysis, the price tested the lower part of the megaphone pattern as
expected and from there we can see a nice bounce of +10.4%
Actually, the price looks like it is actually resuming the expected bullish movement again.
The price is moving in this daily corrective model since March 21st
So the price spent almost one year in order to create this pattern.
A potential bullish movement is expected from the support area
between 92.8 and 88.8
Thank you and Good Luck!
Previous Analysis:
As we can see from the chart the price is moving inside
a megaphone pattern.
From the previous analysis, the price tested the lower part of the megaphone pattern as
expected and from there we can see a nice bounce of +10.4%
Actually, the price looks like it is actually resuming the expected bullish movement again.
The price is moving in this daily corrective model since March 21st
So the price spent almost one year in order to create this pattern.
A potential bullish movement is expected from the support area
between 92.8 and 88.8
Thank you and Good Luck!
Previous Analysis:
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