GENERALMTRS shares ended Thursday trades lower by   (-0.36) point or  (%1.14-), comes after the price retested the resistance level 33.00 and to fall retesting 30.20 support level which coincided with retesting the channel’s support shown above, to succeed passing this board using the pressure of the SMA 50 and 100 by the end of the week approaching 30.20 level again.

The continuous of the current decline requires the price’s stability below 30.20 support, which will push trades ahead the next support level 29.10 initially, but holding above 30.20 will push back the price to retest both the channel support with 32.35 resistance.

Advised to stay neutral waiting for new signals on the price