GE - Daily Ranging for Direction

The daily price is on ranging near and above 200 SMA:

• if the price breaks 302.88 level to above for the daily close bar and with 319.14 target to re-enter so the primary bullish trend will be resumed and continuing;
• if the price crosses 200 SMA to below together with 281.31 support so the bearish reversal will be started;
• alternatively, the price will be on the ranging to be near and around 200 SMA waiting for the direction of the trend to be started.

Trading Summary: ranging for direction