General Electric tries to recoup some losses - Analysis - 14-12-2018

General Electric's stock rallied 7.30% in the last session to recoup past losses, however amid the dominance of the main downward trend in the medium and short terms, with negative signals from the RSI, coupled with negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, especially if the support of 7.19 was breached, targeting the support of 5.71. 

Expected trend for today: Likely Bearish