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

General Electric Co. has broken through a support line of a Triangle and suggests a possible movement to 6.50 within the next 21 hours. It has tested this line 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.

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GER30 – breach of a trending support line that has been tested at least twice before.

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We expect a $1.41 movement on SB within the next 12 hours.

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