General Electric Reversal

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In the spirit of “everything is going up anyway”, let’s take a look at General Electric, which is one of the few stocks which has actually had a rotten 2017. Take a look at the indicators basing and turning higher as the price collapse seems to have put the brakes on.

slopechart_GE

As long as the price doesn’t tag 17.45, it seems to me GE is basing for a recovery rally.

slopechart_GE (1)