Big movement expected on General Electric Co. after a breach of 11.83

General Electric Co. has broken through a line of 11.83 and suggests a possible movement to 11.60 within the next 16 hours. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 8 days.