RegoInvestments

GE 6 Month Trend

NYSE:GE   GE Aerospace
As shown in the chart, over the last six months since mid September 2020, GE has been trading on an uptrend that is on pace with it's current two week uptrend. This longer period uptrend conveys that the shorter period uptrend is strong because it is historically backed. If the trend continues, It is probable that GE could make a move by the end of the year to a historical resistance line at $18.86. In the chart I've also included Moving Average lines including the 10 day, 30 day, and 50 day to show that since the uptrend began, the 30 day MA has moved back above the 50 day and below the 10 day indicating a bullish trend in the short term. The current uptrend also shows multiple bounces off of the 10 day MA acting as a line of support for the trend, even furthering my bullish view on the stock price.
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