Space for General Electric decline

12 may 2022 35
Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
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Shares of General Electric keep sliding down. The movement within the falling trend is accompanied by the closing of the gaps left over from the time of rapid growth in late 2020 - early 2021.

 

Last week, the gap was closed at the level of 74, after that the rebound upwards attempt was made. However, the growth quickly faded away, and now the price has gone under the level of 74. The next downside target is another gap at the level of 65, where buyers could rebound again.

Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segments "Currencies" and "Agricultural commodities"
2nd in the segments "Indices", "US stocks" and "Oil and gas"
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