13.04.2016 - Price of General Electric may resume growth after correction

Shares of General Electric corrected downwards inside the rising channel and currently are consolidating below 31.00. In case of breaking through the lower boundary of the channel and fixing below 30.50, there is a high probability of further negative price dynamics with the immediate objectives at 29.00 and 28.00. At the same time it is worth noting the high probability of price rebound from the bottom of the channeland in this case, the growth will continue until 32.00 and 35.00. Our forecast for the coming months remains negative.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.