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General Electric Co., Technical Analysis

2/1/2023 11:25 AM

The shares of General Electric Co., an American diversified corporation, are strengthening the global correction, trading around 80.00.

On the daily chart, the quotes are kept within the global ascending channel with dynamic boundaries 92.00–69.00, and after closing the price gap, they are getting ready for growth.

On the four-hour chart, the upward movement in the asset prevails, and consolidation above the current local high of 83.00 will mean the development of positive dynamics towards the last year's high of 88.00.

Technical indicators reinforce the buy signal: fast EMAs on the Alligator indicator are above the signal line, expanding the range of fluctuations, and the AO histogram forms rising bars in the buying zone.

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