The last time I reviewed the charts and technical indicators of General Electric (GE) was back on November 19, we I wrote that "The past eight months of trading on GE now appears as a bottom. Great, but can an eight-month base be enough to turn around such a huge company? I would anticipate that GE makes a bigger base with trading bounded by $12 on the upside and the $8 area on the downside."
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You can't call this market overbought when so much of it isn't participating.
SKLZ shows explosion moves to the upside when it emerges from the oversold area.