09.03.2016 - Shares of General Mills may resume falling

The price of General Mills has shown steady growth and reached the upper boundary of the rising channel and the important resistance level of 60.00. fixing above this level will be the basis for a further increase to 63.00 and 65.00. On the other hand, there is the possibility of renewed negative dynamics within the channel and after breaking 59.00, we recommend to open short positions with the potential fall to 55.50 and the bottom of the channel. In this case, the stop must be installed above 60.00. We forecast a drop in the near future.

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