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 META. This price has been tested numerous times before.
META is en route to a very important line that will be a definite deciding factor of what…
Important resistance line being approached by NVDA. This price has been tested numerous time in the last 56 days
NVDA is moving towards a resistance line. Because we have seen it retrace from this line before, we…
AVGO is approaching 239.2700. We expect either a breakout through this line, or a rebound.
AVGO is approaching a resistance line at 239.2700. If it hits the resistance line, it may break through…