General Electric $GE has been consolidating since coming down to the $13 per share mark. It looks like it could be forming an inverse head and shoulder pattern, which would signal a bullish recovery with at least the $17.50 mark in sight.GE Daily Chart(click to enlarge)Bottom?- As we can see on the daily chart, an inverted shoulder is almost complete, with the neckline around $15.40.- A break above that should open up the $17.50 area, which is a support/resistance pivot.- I would limit the bullish outlook to the $18.00 area, because of the 200-day simple moving average there. - Furthermore, because the prevailing trend was bearish, we should anticipate more and more resistance when the RSI pushes above 70.