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Inverted Head and Shoulders Base for GE


Inverted Head and Shoulders Base for GE
By Mike Paulenoff, www.MPTrader.com

Don't tell anyone, but the 2-week General Electric (GE) pattern resembles an inverted head and shoulders base. If GE hurdles and sustains above both 17.20 and then 17.70 (which represent the neckline of the pattern AND the Sep-Dec resistance line), then we should expect a potent upside continuation towards a minimum target of 20.30/60, and perhaps to 21.90-22.30 thereafter, to fulfill its upside potential.

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