Charts do not show any reasons for sluggish dynamics we have been witnessing since November 2013 .
General Electric Co has been steadily rising since 2009. From October to November 2013 , the stock broke through a 14-year falling trend. Later, it did not receive any impetus to continue to move upward and got stuck. What boredom!
Nevertheless, stock often accumulates strength for a breakthrough this way. I believe the equities may rocket toward at least USD 32 or even USD 59 (an upward projection of a falling trend of the year 2000). I believe it is possible to make selective purchases of the shares with long-term targets. Investors are strongly advised to watch for the ongoing rising trend. If the stock slips out of this trend, it may plunge to lows of 2009.
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