JP Morgan Chase (JPM) downgraded General Electric Company (NYSE:GE) on Thursday morning, lowering its price target to $22.00. The stock collapsed sharply. While many investors ran for safety, selling their shares, I am starting to lick my lips at a major support level. There is a huge technical chart support at $25.00. With General Electric already in major oversold territory, this price point will give swing trades a GREAT bounce. I am personally looking to buy at this level, expecting a 10% snap back bounce.
