Categories: Technical analysis

General Electric Wave Analysis – 16 May 2025

General Electric: ⬆️ Buy

– General Electric broke resistance zone

– Likely to rise to resistance level 240.00

General Electric recently broke the resistance zone between the key resistance level 212.00 (which stopped the previous waves 3 and b) and the resistance trendline of the weekly up channel from the end of 2023.

The breakout of this resistance zone accelerated the active minor impulse wave 5 of the intermediate impulse wave (5) from the middle of 2024.

Given the clear weekly uptrend, AT&T can be expected to rise to the next resistance level 240.00, which is the target price for the completion of the active impulse wave (5).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team

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