General Electric (GE) has been bearish in the past month. Last time, we saw some bearish technical clues that suggested downside for GE towards the 27.50 area. General Electric (GE) Daily Chart(click to enlarge)27.50:- We noted the 27.50 area because it is in the middle of a support zone,.- We can see common support from 27.10 up to 28.20. - So the question is whether we should respect this support zone.Shifting Trend:- GE looks like it was in a bullish trend heading into 2016, and it indeed pushed to a high of 33.00 by July. - However, in the second half of 2016, we saw that the trend shifted into a sideways market. - In fact, price action now looks more like a rounded top.- The price action in 2017 has been even more bearish.Looking for Clues:- I think we should not simply rely on the 27.50 area for support unless we see a couple of clues.- First of all, a bullish divergence with the RSI, like early 2016 and Oct-Nov 2016, would add weight to the reversal case.- We should also monitor this area for strong bullish candles to show that bulls do have some "courage" here. - If we look for a bounce, let's first limit it to 29.00. If we get more clues like the bullish divergence, we can then anticipate upside to 30 or 30.50, or even higher towards the projected falling resistance.