Google shares ended higher on Tuesday trades by (  5.18) point or (0.72%), as the price is trying to form a harmonic pattern that might push it to trade higher during the upcoming trades ahead 719.00 resistance and may extend, where the mentioned price represents the (B) point for the pattern, which if the price was able to pass it; the price will target the next resistance at 739.00 as the (D) point for the pattern.

To achieve the pattern’s target the price must pass 724.00 in order to target higher resistances, but the current trades heading to 719.00 resistance, which will coincide with facing SMAs 50 and 100, as the stability of the harmonic pattern’s scenario requires the stability of the (AC) trend line.

Its recommended to wait the stability above (B) point around 742.00 level to go for a bullish positions that will target 739.00 with stopping losses below 719.00 level.

IBM shares closed higher Wednesday trades by   (3.38) point or (2.28%) , as the price got support from the SMA 50 and 100 previously, comes after retesting the resistance represented in 152.48 level, which coincided with 61.8% correction level for the decline from 174.47 to 116.00.

The mentioned resistance stability pushed the price to retest the support around 145.70 level, as if the price held below it the price will retest the next support at 140.60, but the stability of the price above 145.70 will lead for a rise targeting the retest of 151.05 resistance again.

General direction remains bullish but its recommended to get out the current positions and wait for the price’s stability above 152.48 resistance, to target then 162.15 resistance and to stop losses below 151.05 level.

GENERALMTRS shares ended Tuesday trades higher by   (0.60) point or  (%1.93), comes after the price retested the resistance level 33.00 and to fall retesting 30.20 support level which coincided with retesting the channel’s support shown above, to succeed passing this board using the pressure of the SMA 50 and 100 by the end of the week approaching 30.20 level again.

The continuous of the current decline requires the price’s stability below 30.20 support, which will push trades ahead the next support level 29.10 initially, but holding above 30.20 will push back the price to retest both the channel support with 32.35 resistance.

Advised to stay neutral waiting for new signals on the price

General electric shares ended higher on Wednesday trades by   (0.24)  point or (0.8%) from the previous closure as the price rose trading above 29.40 passing a lot of resistances ending by facing the resistance zone between 30.25 and 30.55 represented by 78.6% correction level for the decline from 31.50 to 27.11 to fall again below 29.81 support, to rebound yesterday settling below 30.25 resistance.

The price facing the mentioned resistance area pushed it to fall again, which consider a sign for a new decline that might pass 29.81 and 29.40 supports.

The general direction remains bearishly by the stability of the resistance level 30.55, and its recommended to wait new signals around this level.