General Electric's stock declined 0.53% while seeking a bottom to bounce it higher anew, while settling above the support of 11.10, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave in the medium term, with positive support from the 50-day SMA, while the RSI reached oversold levels.
Therefore we expect the stock to return higher, targeting the next resistance at 12.14, representing the ratio 76.4%.
Expected trend for today: Bullish