General Electric trapped in a hesitant place - Analysis - 09-09-2022

General Electric's stock (GE) rose in the intraday levels after leaning on the support of the 50-day SMA, with positive signals from the RSI after reaching oversold levels, while trading alongside the main downward trend in the short term. 

Therefore we expect the stock to return lower, targeting the pivotal support of 59.93, provided the support of 71.17 was breached. 

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Expected trend for today: Bearish