General Electric tries to vent off overbought saturation - Analysis - 12-10-2018

2018-10-12 13:16:44 GMT (Economies.com)
General Electric tries to vent off overbought saturation - Analysis - 12-10-2018
 

General Electric's stock fell anew while striving to gather momentum to help it rise anew, as also vented off overbought saturation from the RSI, recording a hefty loss of 4.22%, or 0.56 points, while still underpinned by a positive pattern that formed in the short term, the Falling Wedge pattern, with positive pressure from the 50-day SMA. 

 

Therefore we expect the stock to return higher, provided it settles back above 12.82, targeting the resistance of 13.99. 

 

Expected trend for today: Likely Bullish 

 
 
  Symbol Last Change Chg.%
1.1369
0.0004
0.0356%
1.2873
-0.0004
0.0311%
15.243
-0.097
0.632%
53.706
-0.132
0.244%
62.50
-0.19
0.30%
1278.780
-2.580
0.201%
 
 
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