Breach of resistance could mean a start of a bullish trend on General Electric Co.

General Electric Co. has broken through a resistance line of a Falling Wedge chart pattern. If this breakout holds true, we expect the price of General Electric Co. to test 11.18 within the next 7 hours. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing any trades.