03.10.2016 - Quotations of General Electric may continue the fall after consolidation

Price of General Electric continues to consolidate above the support level at 29.50. In case of overcoming this level, we expect a further decrease in quotations within the local descending channel, with the objectives at 27.65 and 25.60. Growth is limited by the channel limit and the resistance level at 31.00. Our medium-term outlook remains negative and we expect a fall in the near future.

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