General Electric touches SMA resistance - Analysis - 16-09-2019
Economies.com
2019-09-16 14:53PM UTC
General Electric's stock rose mildly and touched the resistance of the 50-day SMA, amid the dominance of the main upward trend in the medium term, with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to return lower, targeting the support of 8.78, as long as the resistance of 9.99 holds on.
Expected trend for today: Bearish
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