General Electric (GE) has been in consolidation since early 2016. On the daily chart, we can see something like a rounded top, and price is hammering down on the neckline.General Electric (GE) Daily Chart(click to enlarge)Bearish Signs vs. Neckline:- Price is at the neckline just above 27.00.- The mode of GE is sideways, but it was bullish entering 2016 before it started to form a rounded top.- Basically, the market is NOT bearish yet.- Still there are some signs for the bearish outlook. 1) Price showed inability to push back above the 200- and 100-day simple moving averages (SMA). In fact they acted like resistance in February through April.2) The RSI turned down at 60. It has been oscillating roughly between 30 and 70, but this time it failed to reach back to 70. This shows a shift in momentum.Don't rely on Neckline YET:- I am a fan of GE, and would love to look at key supports for a buy opportunity. - However, because of these bearish technical signals, I suspect price will go down lower before finally finding support.- At most, I can see a rebound back to 29, but unless it clears 30, I am maintaining a bearish bias in the short to medium-term. - It might not get there, but I think 24 is a good place to look for buyers. - On the weekly chart, we can see that if price eventually falls to 24, it will be near a rising trendline, and in a support/resistance pivot area. Need more Clues:- Now, if we get a few weeks of price holding above 27.00, and there is a bullish divergence between price and the RSI in the daily chart above, then we might want to consider playing off the neckline support, but still with caution for resistance in the 29-30 area. - Otherwise, price looks too heavy at the moment to rely on the neckline for support.General Electric (GE) Weekly Chart(click to enlarge)