General Electric faces downward trend line - Analysis - 11-07-2018

General Electric's stock (GE) rose in the intraday levels, scoring a fresh profit of 1.58% in the last session, or 0.22 points, while the Relative Strength Index reached extremely overbought levels, touching thereafter the resistance of the 50-day SMA, coinciding with testing the downward short-term trend line. 

Therefore we expect the stock to return lower, targeting the pivotal support of 12.73, as long as the resistance of 14.03 holds on.