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Trading idea for General Electric Company (NYSE)

30.03.2021

Market Review

#GE

The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. Breaking through the resistance level of 13.10 will result in the formation of an ascending wave pattern within the wave (C) of the ascending pattern of the H1 level.

Trading idea:

Buy on the breakout of 13.10.

Stop Loss under the price pivot zone 12.16.

Target levels: 13.65; 14.36.

Author: GC
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