General Electric Co. has broken through the resistance line of a Channel Down. It has touched this line at least twice in the last 55 days. This breakout indicates a potential move to 13.67 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.
Related Posts
XOM – approaching a price line that has been previously tested numerous times in the past
The price of XOM in heading back to the support area. It is possible that it will struggle…
AMZN formed a Channel Up on the 1 hour chart. Retest of support in sight.
Emerging Channel Up pattern in its final wave was identified on the AMZN 1 hour chart. After a…
Important price line being approached by META. This price has been tested numerous times before.
META is en route to a very important line that will be a definite deciding factor of what…