As we’d noted for months in NFTRH, I expected GE to drop to the low 24s, where a gap needed to be filled. Boink. I had a GTC buy order in for around 24.30 but canceled it pending the market view. Once I felt I wanted more market exposure during the Trump/N.K. hysterics, GE (among several other stocks, including the aforementioned GILD) was added at the downside target. I think a bounce to the noted resistance is a reasonable expectation.
The daily chart shows the most fledgling of attempts to break a falling wedge. We’ll see how that goes.
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