General Electric share prices are forming a rising wedge on the mid-term, between the T1 and T2 trend lines.
The main support stands in the $19.50 area and are representing the previous highs of July 2011 and of February 2012.
The bullish action can easily be sustained up to the $21.00 area, where the 2011 highs are plotted. However, the bearish divergence on the MACD indicator reflects the weakness of the trend and an eventual decline below the $19.50 support and below the T1 trend line will set the market for an intermediate correction that develop in a matter of months.
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