The breakout of General Electric Co. through the 105.54 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of General Electric Co. to test 106.12 within the next 8 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 105.54 numerous times, General Electric Co. has finally broken through. Can we expect a bullish trend to follow?
