Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Sunday, December 31, 2017

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






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