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Big movement expected on General Electric Co. after a breach of 6.18

General Electric Co. has broken through a line of 6.18 and suggests a possible movement to 6.65 within the next 2 days. 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 19 days.

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Important price line breached by JPN225. This price has been tested numerous times before.

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