Market Snapshots

General Electric Wave Analysis – 13 February, 2020

General Electric Wave Analysis – 13 February, 2020
  • General Electric broke resistance level 13,00
  • Likely to rise to 13,50

General Electric recently broke through the resistance level 13,00 – which stopped the previous sharp upward impulse wave (i) at the end of January.

The breakout of the resistance level 13.00 should accelerate the active impulse waves (iii) and 3 – which belong to the medium-term upward impulse sequence (3) from December.

General Electric is likely to rise further toward the next resistance level 13,50 (target price for the completion of the active impulse wave (iii)).

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