General Electric Co.: technical analysis 19.01.2024
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on General Electric Co. for a better understanding of the current market situation and more efficient trading.
Shares of General Electric Co., an American diversified corporation, are moving within an intensifying global correction, trading at 128.00.
On the daily chart, the price remains within the local channel with dynamic boundaries of 131.00–125.00, heading towards the resistance line.
On the four-hour chart, the upward movement to 136.00 may continue after consolidation above the local high of 130.00. A decline is likely only if the asset leaves the channel and overcomes the support line of 125.00.
Technical indicators hold a buy signal: fast EMAs on the Alligator indicator are above the signal line, expanding the range of fluctuations, and the AO histogram forms corrective bars in the buy zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 130.00 with the target at 136.00. Stop loss – 128.00. Implementation period: 7 days or more.
Short positions may be opened after the price declines and consolidates below 126.10 with the target at 119.60. Stop loss – 129.00.
Use more opportunities of the NPBFX analytical portal: E-book
If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.
You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on General Electric Co. and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on General Electric Co. for a better understanding of the current market situation and more efficient trading.
Shares of General Electric Co., an American diversified corporation, are moving within an intensifying global correction, trading at 128.00.
On the daily chart, the price remains within the local channel with dynamic boundaries of 131.00–125.00, heading towards the resistance line.
On the four-hour chart, the upward movement to 136.00 may continue after consolidation above the local high of 130.00. A decline is likely only if the asset leaves the channel and overcomes the support line of 125.00.
Technical indicators hold a buy signal: fast EMAs on the Alligator indicator are above the signal line, expanding the range of fluctuations, and the AO histogram forms corrective bars in the buy zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 130.00 with the target at 136.00. Stop loss – 128.00. Implementation period: 7 days or more.
Short positions may be opened after the price declines and consolidates below 126.10 with the target at 119.60. Stop loss – 129.00.
Use more opportunities of the NPBFX analytical portal: E-book
If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.
You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on General Electric Co. and trade efficiently with NPBFX.