General Motors collects profits - Analysis - 14-10-2021

2021-10-14 10:13:58 GMT (Economies.com)
 

General Motors' stock (GM) fell 2.02% in the last session on profit-taking, while gathering positive momentum to help it rise anew, as the stock vented off overbought saturation in the RSI, settling at 57.77, while hurt by exiting a descending price channel that guided recent short-term trading, with positive pressure from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 64.00, provided the support of 53.50 holds on.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1600
-0.0012
0.1055%
1.3734
-0.0035
0.2567%
Tadawul
11807.79
-43.89
0.37%
24.053
-0.423
1.728%
82.213
-2.714
3.196%
84.49
-1.86
2.15%
1794.730
-9.315
0.516%
 
 
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