GE Analysis {Part IV }

Money Flow Analysis {Continued}

This is a daily chart of the company back to last summer. It again illustrates the oversold nature of the stock and shows in the pink down trending line the first level of resistance that the stock must penetrate. It is more likely that the stock will at some point enter into a period of consolidation in the areas shown on the chart. Currently that ranges looks like it could be between $11 & 16 per share. Please note that there is nothing to indicate from these charts that the stock could not continue to head lower before they rebound and start a consolidating phase. It again assumes no new issue arises from the company.

Coming Thursday....Valuation.