General Electric Co. has broken through the support line of a Descending Triangle technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 51 days and suggests a target line to be around 12.26 within the next 3 days.
General Electric Co. – breach of a trending support line that has been tested at least twice before.
