GE has been ranging between $6 and $7 for a few months now. In late Sept. we have seen a nice consolidation right at the $6 support. This area seems to be very strong support for GE and provides a good opportunity to go long off it. Bullish price action and bullish divergence on the RSI. Realistically we will see a re-test of the $7 resistance soon.
This is only an idea, and not investment advice. You are responsible for your own trading/investing. Trade according to your own risk tolerance.
I agree, I think if we break $7, we will be moving between 7 and 7.45 and beyond... If GE keeps it positive and continues to work to resolve their issues, it could be a very bullish long coming up.