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In our Monday morning Flight Path newsletter, we high-lighted General Electric as a company that may perform strongly into the end of the year as the rotation in equities continues into sectors such as industrials.
This week saw price dip but end the week strongly with another bright blue “Go” bar.
The GoNoGo Oscillator has also managed to stay nicely in positive territory.
We would next like to see the oscillator continue to rally , and for volume to pick up (the GoNoGo Oscillator would turn darker blue), which would give price the momentum to test last week’s highs and perhaps get above $11.