• General Electric reversed from resistance level 80.00
• Likely to fall to support level 75.00
General Electric recently reversed down from the round resistance level 80.00 (which has been reversing the price from the start of May), intersecting with the upper Bollinger Band and the resistance trendline from January.
The downward reversal from the resistance level 80.00 created the daily Japanese candlesticks reversal pattern Shooting Star.
Given strong multi-month downtrend, General Electric can be expected to fall further toward the next support level 75.00 (low of the previous correction (2)).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies