General Electric – Double Eveningstar Patterns

By | September 9, 2014

On August 23rd, I highlighted the formation on an eveningstar pattern on the General Electric (GE) daily chart. The stock price drifted lower the next week, and then attempted a rebound the following week, retesting a former two year uptrend line. Interestingly, over the last three days another eveningstar pattern formed on the chart, around the intersection of the 50 and 200 day moving averages.

09.  GE Charts.

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