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Indices Updates by Solid ECN
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[QUOTE="Solid ECN, post: 208618, member: 83167"] [JUSTIFY][img]https://i.ibb.co/syZmJnb/ge-forum-2.png[/img] Global sideways correction in the shares of the American diversified corporation General Electric Co. strengthens, and papers are traded slightly above 75.00. On the daily chart of the asset, a wide downward channel with dynamic boundaries of 71 - 90 forms, within which the price has reached the support line and renewed the year’s low around 71. On the four-hour chart, the price is heading upwards and begins to form a Head and shoulders reversal pattern, which target for working out is around the global channel resistance line 90. The readings of technical indicators confirm the high probability of upward dynamics: fast EMAs on the Alligator indicator are actively approaching the signal line, and the AO oscillator histogram is forming new rising bars in the sell zone. [img]https://i.ibb.co/DG3GtjF/ge.png[/img][/JUSTIFY] [/QUOTE]
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