There are 2 areas of interest in the chart above. First there is gap resistance at $112.16 (first highlighted area) and second the trendline resistance at $113 which is also the upper side of the triangle consolidation that I mentioned on my previous post. I think the price will hit those levels rather quickly considering the rising volume and the violation of resistance at $102. The pleasant surprise will be though if the price breaks out of the triangle. I dont't know if the GE rumor is true or not but either way it seems that there is enough momentum built in the stock that it will at least hit those targets 112.16-113.
