General Electric buoyed by SMA support - Analysis - 22-05-2019

Economies.com
2019-05-22 10:08AM UTC

General Electric's stock rose after leaning on the support of the 50-day SMA, lending it momentum while trading alongside the upward correctional trend line in the short term, while countered by negative signals from the RSI. 

 

Therefore we expect more gains for the stock, as long as the support of 9.80 holds on, targeting the resistance of 11.16. 

 

Expected trend for today: Bullish  

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