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.
Related Posts
Important price line being approached by V. This price has been tested numerous times before.
V is moving towards a key resistance level at 343.7500. V has previously tested this level 3 times…
Breach of resistance could mean a start of a bullish trend on BIDU
BIDU moved through the resistance line of a Falling Wedge at 76.3833333333333 on the 1 hour chart. This…
BABA – It’s perhaps in these huge moves where the greatest opportunity lies
A movement of 28.24% over 23 days on BABA doesn’t go unnoticed. You may start considering where it’s…