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Algo Sell Signal – Goldman Sachs & General Electric

Our Algo Engine has triggered a sell signal in Goldman Sachs.

We maintain a negative outlook and advise running a stop-loss should the price action trade above the signal high of $235.

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Chart – GS

Following the Algo Engine short signal in General Electric, the price action continues to carve-out lower levels.

Should we see GE trade down to $22, we would consider this price target as an oversold and  providing a suitable entry point for new long exposure.

Chart – GE

 

 

 

 

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