The breakout of General Electric Co. through the 6.64 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 6.43 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 6.64 numerous times, General Electric Co. has finally broken through. Can we expect a bearish trend to follow?
