General Electric: ⬆️ Buy
– General Electric broke resistance zone
– Likely to rise to resistance level 240.00
General Electric recently broke the resistance zone between the key resistance level 212.00 (which stopped the previous waves 3 and b) and the resistance trendline of the weekly up channel from the end of 2023.
The breakout of this resistance zone accelerated the active minor impulse wave 5 of the intermediate impulse wave (5) from the middle of 2024.
Given the clear weekly uptrend, AT&T can be expected to rise to the next resistance level 240.00, which is the target price for the completion of the active impulse wave (5).
Source: Fxpro
