02.10.2014 - Traders are waiting for the confirmation of the signal to sell shares of General Electric

General Electric's stock price continued to decline after it twice failed to overcome the level of 26.50. At the moment, prices reached the lower boundary of the triangle, and in case of breaking through this line and fixing the price below 25.00, we recommend opening short positions on the shares of the company with the objectives of 23.80, 21.00 and 20.00. Stop should be set above 26.50. We expect a decline in the share price in the medium term.

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