Market Snapshots

General Electric Wave Analysis – 06 January, 2020

General Electric Wave Analysis – 06 January, 2020
  • General Electric broke resistance level 11.50
  • Likely to rise to 12.30

General Electric recently broke the powerful, multi-month resistance level 11.50 (which has been reversing the price from February).

The breakout of the resistance level 11.50 accelerated the active short-term impulse wave 3 – which belongs to wave (3) from last month.

General Electric is likely to rise further toward the next resistance level 12.30 (target for the completion of the active impulse wave 3).

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