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Krab
Jan 21, 2015 1:10 PM

General Electric Company: correction gains momentum Short

GE AerospaceNYSE

Description

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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