Thursday December 13th, 2018by Mike PaulenoffPM Research, the most bearish (GE) analyst on The Street, upgraded GE to Neutral from Underweight. The analyst is "less bearish on the stock with the abating of the known unknowns." So far, at 9:10 AM ET, GE indicates 7.52/53 (+12.5%) in pre-market. Yesterday's close was 6.71. My attached 4 hour chart shows that today's up-spike above 7.00 has inflicted initial technical damage to the Dec. portion of the still-dominant Oct.- Dec. downtrend. A sustained climb and close above 7.40 (in progress) takes out an important near term ridge of resistance, while a run at, and close above 8.00 takes back the entire prior downleg from 11/29 to 12/11, and as such, triggers near term signals that indeed, a significant low has been established (at 6.66 believe it or not, on 12/11/18). Rather than get ahead of ourselves, let's see if this AM's pre-market GE strength can hold for an entire session into the closing bell, and if GE is trading at 7.40 or higher, evaluate the near and intermediate term technical set up. The Model Portfolio is long GE at 7.76 from 11/29.Mike Paulenoff is author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial! * I really like Mike's charts and analysis. This is shared with my readers here via MPtrader.com * Tiger's Take: "I am not buying into GE, just believe it is dead money and will remain so for a long time. The E-mini S&P futures chart is a bonus I guess.Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. Follow us and check back occasionally for additional articles or comments.