General Electric recently reversed up with the daily Hammer from the support zone located between the long-term support level 33.00 (which stopped the previous sharp downtrend in May of 2019) and the lower daily Bollinger Band.
The upward reversal from this support zone started the active short-term corrective wave ii.
General Electric is likely to rise further toward the next resistance level 35.00 (coinciding with the 50% Fibonacci retracement of the earlier downward impulse wave from December).
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies
