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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.

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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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