Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

Search This Blog

Tuesday, February 21, 2012

General Electric (GE) share price in range trading

The General Electric daily chart clearly shows an indecision in the last weeks, close to a resistance zone.

Id the bulls will manage to sustain the price above the $19.50 level, that there will be good chances to retest the 2011 highs, in the $21.50 area.

However, if there will be some profit taking and the price will break below the $18.70 support level, than a larger correction is in place, targeting the $17.00 support zone. 

No comments:

Post a Comment