Wednesday, March 11, 2009

GE - The Key Resistance/Support Points

I expect GE to consolidate over the next few days at least until there is some clarification about its financial arm on Monday.

If the stock price falls below 7.40 then it might re-test the lows i.e. 6.60. My guess is that it will likely consolidate at 7.40 - 8.40 band. If it passes 9.30 then the next critical levels are 9.80.

The critical levels for GE are,
9.80
9.30
8.40
7.40
6.60

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