General Electric shares fell in price at historic lows and key support area. There is also a set of positions on the asset, which in the long term will lead to an increase in the company's shares.
Today we will do a technical analysis of General Electric shares:
Our analysis:
As long as GE shares are below 11.50, please follow these recommendations:
Time frame - D1
Recommendation: long position
Entry points: 10.00, 9.15, 8.90
Take Profit 1 - 12.40
Take Profit 2 - 13.00
Alternative scenario:
A cancelling of the main scenario will be a breakdown of level 8.80 and then you should follow the recommendations below:
Time frame - D1
Recommendation: short position
Entry point: 8.80
Take Profit 1 - 6.80
Take Profit 2 – 6.1
We also suggest you to pay attention to Intel:
Our analysis:
In case of a breakdown of the level 62,50, please follow these recommendations:
Time frame – D1
Recommendation: long position
Entry point: 62.50
Take Profit 1 - 67.00
Take Profit 2 - 69.60
Alternative scenario:
In case of breakdown of the level 55.40, follow the recommendations below:
Time frame – D1
Recommendation: short position
Entry point: 55.40
Take Profit 1 - 51.80
Take Profit 2 - 49.30
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