GE In a REALLY Bad Spot - Keep an eye out for $5.50 I think seeing how far back these resistance and support lines are there is a 3 test around 5.50 that will absolutely hold up if it breaks below. Honesty GE has some insane resistance in so many ways. Hard to say where to play it except I an say anywhere in the $4.15ish-$5.50 range if it gets that low could have some quick upside. Still wouldn't keep it for long. Unless you think GE is going back to it's glory days. Then 4-6 bucks is a steal. Not super sold on GE until they make a move internally to make them a great company again.
This stock is maybe the best if you are iffy about support/resistance to test out on a higher scale. Watch these levels from the 80's and 90's make stock prices move 30 years later. Support and resistance, volume and the news >
