GE And The 20 DMA

FIBOCALL: GE and the 20 DMA

On 8/15 GE bottomed @ 7.65 with all the fraud talk. It then made a short term double bottom @ 7.76 on 8/23 and 8/28

Now trading above the 20 DMA @ 8.55 with more room to run. The 200 DMA @ 9.25 which is inside our selling zone @ 9.22-9.59 with the 50 DMA @ 9.59 also.

GE daily chart 

(Click on image to enlarge)

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