We have been stalking General Electric's (GE) bearish trend in 2017. Recently, price was approaching a key support and we anticipated buyers to scoop GE around 24.General Electric (GE) Monthly Chart (click to enlarge) Channel Support:- The monthly chart shows that GE has been in a secular bull market since 2009. - Relative to this long-term uptrend, the 2017 decline can still be assessed as a bearish correction.- Now that price is near the rising support as well as a previous support/resistance pivot around 24, it should be surprising that we are seeing some buyers here.- Even if the market eventually breaks below this channel support, we can expect some short-term to medium-term consolidation.Resistance:- The short to medium-term bullish outlook might be limited first to the 26 support/resistance pivot, and then the 27.10 S/R pivot. - I think we should cap bullish expectation to 29-30 area, in case GE is developing a medium to long-term consolidation instead of a bullish continuation. General Electric (GE) Daily Chart (click to enlarge)