GENERAL ELECTRIC - GE
Monthly chart shows stock remains bearish, with the price well below all key moving averages on this timeframe. Current support is off the 1.414 fib retracement level. There is no buy signal/pattern evident on this timeframe.
Weekly chart continues to be bearish, with price below all key moving averages and the down trendline in place. There is no buy signal/pattern evident on this timeframe.
Daily chart shows price remains below all key moving averages. Friday's price action created a harami candle pattern, signalling a temporary support level found. No buy signal/pattern evident as of yet on this timeframe. Need to look to next week's trading activity for confirmation that this support level will hold in order to get any more upside.
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