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General Electric Co. Technical Analysis

3/31/2023 10:06 AM

The shares of General Electric Co., an American diversified corporation, added value, trading at 94.00.

On the daily chart, the price is moving within the global ascending channel with dynamic boundaries of 96.00–73.00, holding near the resistance line.

On the four-hour chart, the upward movement has almost exhausted, as evidenced by the numerous unsuccessful attempts by the price to consolidate above the resistance line of 95.00, if it is broken, there will be practically no doubts about the subsequent reaching of 101.00.

Technical indicators signal a decrease in the trend's strength: fast EMAs on the Alligator indicator began to approach the signal line, narrowing the fluctuation range, and the AO histogram forms corrective bars in the buying zone.

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