General Electric: ready to spike

The share has broken through the key $23 level and exited a strong downtrend that took hold in 2000. The flag pattern pointing to trend continuity has shaped up, implying further upward price movement to the $33 mark and then on to the $38 mark. Targets of a sustainable price range lie there. Steady growth in OBV, which has reached new highs, also tends to validate this idea.