General Electric Co. is heading towards a line of 103.06. If this movement continues, we expect the price of General Electric Co. to test 103.06 within the next 19 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
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Supports and resistances are primary concepts of technical analysis. XOM is heading for an important price of 118.8200 – read about what this could mean for the future.
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