04.02.2015 - General Electric's stock price is likely to fall further

General Electric's share price showed a slight increase in the descending channel and reached its upper limit and the resistance level at 24.50. In case of breaking through the upper boundary of the channel and resistance level at 25.00, we expect continued growth to 26.00 and 27.00. At the moment, is more likely the price drop within the channel. We recommend to open short positions with a stop above 25.00 and the target at 22.00. The medium-term outlook is also negative.

General Electric Company Statistics

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