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