GE Aerospace
ショート

GE Testing Key Resistance, Potential Bullish Breakout

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Price has been trading above the bearish channel for two days now. Nevertheless, the recent gains in price was a reaction to the recent positioning of hedge funds and institutions. In addition, GE recently replaced their CEO, where the market reacted quietly positively to the news.

Trade Step-ups:

Scenario One (Bullish Breakout): Price consolidates above 14.00. Look for further move to 15.00 and 17.00.

Scenario Two (Bearish Reversal): Price rejects a breakout and falls back into the bearish channel. Look for a strong reversal to 12.00 and 11.00 respectively.

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