Trading idea for General Electric Company (NYSE)

#GE

The general trend is descendant. The ascending truncated wave structure ended with the breakdown of the inclined channel. The Awesome Oscillator indicator has bearish divergence, and the Stochastic Oscillator sliding indicators have left the overbought zone.

Trading idea:

Sell on a breakout of 73.10.

Stop-loss: 76.34.

Target levels: 70.00; 60.28.