04.05.2016 - We forecast a drop in shares of General Electric after completion of consolidation

Stock price of General Electric continues to consolidate above the level of 30.40. The breaking and fixing of quotations below this level will become a signal to sell with a stop above the level of 31.00 and objectives at 29.50, 28.00 and 26.00. In case of breaking through the inclined resistance line and the level of 31.00, we expect continued growth to 32.00 and 33.00. A more likely scenario, according to our forecasts, in the near future will become acceleration of the decline in prices after the current consolidation.

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