General Motors pares losses - Analysis - 24-03-2017

General Motors' stock (GM) fell in the intraday levels, recording another loss of 0.38% in the last session, or 0.13 points, after hitting an intraday low at 33.79, bouncing off it higher and paring the losses, amid ongoing negative pressure from the SMA for the last 50 days period, as the stock settles below the important resistance of 34.72. 

Therefore we expect more losses to come for the stock, targeting the support of 32.78, as long as the resistance of 34.72 holds on.