General Electric Co. has broken through resistance of a Channel Down. It has touched this line at least twice in the last 37 days.

General Electric Co. has broken through the resistance line of a Channel Down. It has touched this line at least twice in the last 37 days. This breakout indicates a potential move to 7.01 within the next 3 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.