Krab
Short

General Electric Company: correction gains momentum

NYSE:GE   GENERAL ELECTRIC COMPANY
110 0 1
At the beginning of the year, General Electric Company shares breached the USD 25 support level on the weekly chart, exiting the USD 25-28 band within which it had traded down for a whole year. RSI shows no divergence and for this reason a much deeper correction to USD 22 is expected. This scenario will fail if the stock returns to the range above USD 25.
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