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GE Close To a Reversal Upward?

GE has sold relentlessly for the past year slipping through channel after channel.




click on image to enlarge



GE has finally settled down on a channel line that looks like it might be able to hold.  With just a little bullish price action for a few weekly bars, GE might very well join its old dog stock buddy IBM in a renaissance  rally if the broad market gets ugly in the first quarter.


Trade well my friends

Alan








This post first appeared on The Stock Market Viewpoint, please read the originial post: here

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GE Close To a Reversal Upward?

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