General Electric: Worst case scenario coveredFor General Electric shareholders.
There is a risk of a further decline if negative fundamentals will keep adding up.
Psychological level still plays role of a support.
Breaking below PL might trigger short-term panic sale.
In that condition, the next demand point for a assumed reversal would be anywhere price touches 1.618 fib channel.
Accumulating more would be a solution because GE is already on the lowest levels since 2009. As it declines more people are willing to buy at this cheap price range.
RSI and MACD indicators are confirming the oversold condition of the stock.
