October 9, 2017

GENERAL ELECTRIC chart analysis

  • GE Month trending down after a Trend line breakdown.
  • Second chart shows price approaching a crucial support zone. Bulls must protect 23.40 to avoid more weakness. Possible bounce or reversal if this level is held.
  • Daily chart shows price trending down below the cloud. For a bigger bounce or reversal price must move above Daily cloud.
  • GOOGLE Range and Month Trend update

ALPHABET Range and Monthly Trend update

  • Daily range shows price nearing the resistance zone.
  • Month chart shows the Bullish trend. Breakout above 1008 is possible. If gets resisted around here then price likely to remain in the aforementioned range and move sideways towards the Monthly trend line.
  • Monthly chart shows breakout resulting in 200 points each.