Stock Technical indicators to notice in General Electric Company (GE)
1- Last bearish trend was from 16.51 $ (11/3/2011) to 14.56 $ (11/25/2011) a 1.95 $ move 2- The current bullish trend started from 14.56 $ at 11/25/2011 and is currently trading at 19.02 $.
General Electric Company (GE) Short term stock chart patterns for internet stock trading :
4- The Stock was resisted by a resistance line, identified by two points: 16.510 and 17.200 that was broken up at 15.910 transforming into a supporting line.
General Electric Company (GE) Mid term stock chart patterns for internet stock trading :
5- The Stock formed Double Bottom Pattern at 14.560 .
General Electric Company (GE) Long term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 14.560 .
Stock Trading Conclusion:
General Electric Company (GE) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : .
Stock Support levels : 17.97, 17.32, 16.79, 16.26, 14.57, 14.56,.
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