General Electric Wave Analysis – 07 November, 2019

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  • General Electric broke key resistance level 10.50
  • Likely to rise to 11.50

General Electric recently broke above the key resistance level 10,50 (which has reversed multiple upward impulses from the start of May).

The breakout of the resistance level 10.50 accelerated the active impulse wave 3 – which belongs to the medium-term impulse sequence (C) from August.

General Electric is expected to rise further and retest the next key resistance level – 11.50 (former multi-month top from February).

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