General Motors driven lower by current resistance - Analysis - 29-12-2021

General Motors' stock (GM) fell 0.56% in the last session amid the dominance of the downward correctional short-term wave, with negative pressure from the 50-day SMA, while the RSI reached overbought levels, settling at 57.11. 

Therefore we expect more losses for the stock, targeting the pivotal support at 53.72, provided the resistance of 57.72 holds on.

Expected trend for today: Bearish