Scenario
Timeframe	Weekly
Recommendation	BUY STOP
Entry Point	166.00
Take Profit	175.30
Stop Loss	162.00
Key Levels	140.00, 148.00, 160.00, 162.00, 164.00, 166.00, 175.00

Alternative scenario
Recommendation	SELL STOP
Entry Point	161.00
Take Profit	148.00
Stop Loss	166.00
Key Levels	140.00, 148.00, 160.00, 162.00, 164.00, 166.00, 175.00

Shares of General Electric Co., an American diversified corporation, are moving as part of a strengthening uptrend around 164.00.

On the daily chart of the asset, the price is working out the March price gap of 175.00–140.00.

On the four-hour chart, the upward movement may continue, as the quotes have consolidated above the resistance level of 160.00, and the nearest obstacle remains the high of 166.00, consolidation above which will allow the asset to reach the opening price gap level of 175.00.

Technical indicators are strengthening the buy signal: fast EMA on the Alligator indicator are above the signal line, preparing to continue expanding the range, and the AO histogram is forming ascending bars in the buy zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 166.00, with the target at 175.30. Stop loss – 162.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 161.00, with the target at 148.00. Stop loss – 166.00.