Replies to post #28333 on Short Term Trading Member Forum

[techcharter]

GE Target Reached.

GE broke the $41 barrier for a 52 week high. It was definitely a post triangle thrust. The upside is limited. The channel made by the tops of ending diagonal waves 1 and 3 are in the $42 area, so there may be a little more advance. The trust may have an opening rally that would fade quickly, finishing a very small degree wave 5. The reverse is unconfirmed. A break below $41 would be a good signal since it is well below the uptrend channels made today.