29.08.2014 - General Electric may continue to fall

The price of General Electric has broken through the lower boundary of the ascending channel and is now trying to gain a foothold below it. If the price of shares will fix below the level of 26.00, is expected the decline with the objectives of 25.00, 24.30 and 23.00. Growth is possible in case of return of price inside the rising channel and to overcome the level of 26.50. Growth is limited by the levels of 27.50 and 28.00. We expect the decline in prices in the medium term.

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