I wil buy some GE stock for now and add some more if the price retests the lower trendline.
Comments
Nick_C_
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Nice trend line touch, just be wary of conflicting weekly stoch currently in sell swing.. while daily is deep oversold, weekly trumps it/may lead to daily buy swing with preference to time over price advancement
AlexandreFF
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Thanks for your chart, it's always good to see what's happening in the short term, this sell signal might be an indication to buy more at the retest of the lower trendline on the daily chart let's see !
AlexandreFF
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Update: We're in presence of an ascending pennant pattern the downtrend might continue.