General Electric tries to recoup some losses - Analysis - 19-08-2019

General Electric's stock rose in an attempt to recoup some past losses, with positive signals from the RSI, amid the dominance of the main downward trend in the medium term, while hurt by piercing the upward trend line recently in the short term, with negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, as long as the resistance of 9.31 holds on, targeting the support of 7.72 anew. 

Expected trend for today: Bearish