Categories: Technical analysis

General Electric Wave Analysis 8 December, 2020

• General Electric broke resistance level 10.80

• Likely to rise to 12.00

General Electric continues to rise after the price broke the resistance level 10.80 (which stopped the previous sharp upward impulse wave (i) at the end of November).

The breakout of the resistance level 10.80 continues the active impulse wave 5 – which belongs to the sharp extended upward impulse sequence (C) from the start of September.

General Electric is expected to rise further toward the next resistance level 12.00 (target price for the completion of the active impulse sequence (C)).

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.

Share
Published by
The FxPro Tech Analysis Team
Tags: GE

Recent Posts

JPMorgan Chase Wave Analysis – 18 December 2025

JPMorgan Chase: ⬇️ Sell - JPMorgan Chase reversed from resistance area - Likely to fall…

1 hour ago

EURUSD Wave Analysis – 18 December 2025

EURUSD: ⬇️ Sell - EURUSD reversed from resistance area - Likely to fall to support level…

1 hour ago

AUDJPY Wave Analysis – 18 December 2025

AUDJPY: ⬆️ Buy - AUDJPY reversed from support area - Likely to rise to resistance…

2 hours ago

Palladium Wave Analysis – 18 December 2025

Palladium: ⬆️ Buy - Palladium broke multi-month resistance level 1600.00 - Likely to rise to resistance…

2 hours ago

GBPUSD. Current situation #tradelikeapro #trading #tradingstrategy #tradingshorts #gbpusd #gbp

Today is Thursday, the 18th of December, and we'll be talking about the British pound…

7 hours ago

Bitcoin is holding, while Solana is on the edge

Bitcoin remains stable near $87K, outperforming altcoins, while Solana faces key support at $120. Institutional…

9 hours ago

This website uses cookies