Short term view - GENERAL ELECTRIC (VE) : Prices are pulling back to the reversed head-and-shoulders neckline.
The trend has been momentarily interrupted by a correction. It approaches the support at €11.30, which also is the invalidation level. It should cause a bounce and resume the bullish trend. The next target is at €14.30. The invalidation level is below €11.30.Arguments :
- The resistance has been reached, it causes the fall.
- The moving average is supporting prices.
- Prices are pulling back to the reversed head-and-shoulders neckline.
General Electric is a technology industrial company. The company's segments include: Power, which serves power generation, industrial, government and other customers with products and services related to energy production; Renewable Energy, which engineers and manufactures energy equipment and projects, grid solutions and digital services; Aviation, which designs and produces commercial and military aircraft engines, digital components, electric power and mechanical aircraft systems; Healthcare, which provides healthcare technologies; and Capital, which provides financial products and services that build on the company's industry capabilities in aviation, power, renewables, healthcare and other activities.
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