General Electric Wave Analysis – 27 January, 2023

• General Electric broke key resistance level 80.62

• Likely to rise to resistance level 87.500

General Electric earlier broke above the key resistance level 80.62 (which stopped the previous short-term upward impulse wave 3).

The breakout of the resistance level 80.60 accelerated both of the active impulse waves 5 and (3).

Given the clear multi-month uptrend, General Electric can be expected to rise further toward the next resistance level 87.500 (target price for the completion of the active impulse waves 5 and (3)).