timwest
Short

General Electric GE Daily - Rising wedge and rejected resistance

NYSE:GE   GENERAL ELECTRIC CO
237 1 5
GE             has a rising wedge pattern. It is a little different than perfect, but worthy of mention.

GE             failed at its resistance level just under $27 from where it reported weaker earnings in the previous quarter. GE             is now testing key support for the 3rd time since reporting earnings on April             17th, so it looks like $25.24, then $24.24 are the next targets.

Previous declines through key earnings support are listed and those three give projections under $25, which is down 5% from here.

Tim 2:05PM EST, Tuesday, May 20, 2014
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Tim I'm new to this site and a fan of technical analysis. Its great to see you're charting methods on live examples and you use a lot of studies I have not seen before. With that said I noticed you like to draw support lines from earnings days, What kind of study is this and what do you like about it?
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