Shares of General Electric Co., an American diversified corporation, are correcting at 77.00.
On the daily chart, the price is moving within the global ascending channel with dynamic boundaries 90.00–67.00, reversing upwards at its lower border.
The four-hour chart shows an unstable movement, and constant price gaps slightly distort the trend. The last gap is between 67.00 and 85.00, and at the moment, the quotes are working it out: despite the local growth slowdown, the potential for an upward movement is still quite high, and after the consolidation above 80.50, it may continue.
Technical indicators are in a sell state but close to a reversal: fast EMAs on the Alligator indicator are below the signal line, and the AO oscillator histogram forms upward bars in the sell zone.