General Electric confirms breach of upward trend - Analysis - 05-08-2019

General Electric's stock kept falling in the short term, confirming the breach of the upward medium-term trend line, while trespassing the support of the 50-day SMA, with negative signals from the RSI. 

Therefore we expect more losses for the stock, as long as the resistance of 10.00 holds on, targeting the support of 9.30. 

Expected trend for today: Bullish