GE seems that has failed to break the 200D MA resistance. This 200D MA resistance is also a 23.6% Fibonacci Retracement Level. The chart pattern also suggested GE has broken down from a wedge pattern with a target price of $13. This is a good candidate to short by buying PUT option.
GE seems to have started the Wave 5. The stock would probably move up to $19.63 (161.8% Fibonacci Retracement Leve). Price between $15 to $16 is a good entry level because $14.68 should be a very strong support for a higher high, higher low type of up trend Elliot Wave.