General Electric tries to recoup some losses - Analysis - 07-12-2018

Economies.com
2018-12-07 12:46PM UTC

General Electric's stock rose 0.96% in the last session, or 0.07 points, as the stock recouped some past losses, and amid the dominance of the main downward trend in the medium and short terms, with negative signals from the RSI after reaching overbought levels, coupled with negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to return higher, especially if the support of 7.19 was breached, targeting the next one at 5.71. 

 

Expected trend for today: Likely Bearish  

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