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.

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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. 


Posted by Adrian Filip at 1:35 PM
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