Trade Idea - General Electric
Monday, March 16, 2009
Chart courtesy of www.stockcharts.com ( click to enlarge )GE is good to hold for the short term only. The stock currently stopped short of breaking the resistance at $10 which is the resistance line formed from Frebuary. Also watch out for other resistance levels at 11.41 which is the 50 day moving average. Currently, the technical indicators are displaying good signs. Buy if resistance is broken with good volume, possible target price is around 11.41. Let's keep an eye on it.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
Labels: GE
