General Motors amid positive outlook - Analysis - 17-07-2017

General Motors' stock (GM) kept rising in the intraday levels, scoring a new profit of 1.37%, or 0.49 points, amid positive pressure from the 50-day SMA, with positive signals from relative power indicators, as the stock gets buoyed by a positive pattern that formed recently in the short term, the Falling Wedge pattern. 

Therefore we expect more gains for the stock, as long as the support of 35.29 holds on, targeting the resistance of 37.74.