General Electric falls within ascending correctional wave - Analysis - 13-02-2019

General Electric's stock fell 0.50% in the last session, or 0.05 points, with negative signals from the RSI, amid the dominance of the downward trend in the medium term, while countered with the dominance of the upward correctional wave in the short term, with positive support from the 50-day SMA. 

Therefore we expect the stock to return higher, as long as the support of 9.23 holds on, targeting the resistance of 11.22. 

Expected trend for today: Likely Bullish