General Electric ends flat - Analysis - 20-08-2018

General Electric's stock closed flat last Friday while hovering near recent lows, amid negative pressure from the 50-day SMA, with the complete dominance of the main downward trend in the medium and short terms, while the stock starts venting off oversold saturation in the Relative Strength Index. 

Therefore we expect the stock to decline, targeting the support of 11.10, as long as the resistance of 12.73 holds on. 

Expected trend for today: Bearish