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Important price line breached by General Electric Co.. This price has been tested numerous times before.

General Electric Co. has broken through a line of 7.91 which it has tested numerous times in the past. We have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 8.26 can be expected within the next 19 hours.

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We expect HE to trend downwards today.

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