General Motors' stock retested the pivotal resistance at 36.22, representing the ratio 50% of Fibonacci retracement levels for an ascending wave, with negative pressure from the 50-day SMA, while the RSI reached overbought levels.
Therefore we expect the stock to return lower, targeting the next support at 34.88, representing the ratio 61.8% of the same retracement levels.
Expected trend for today: Bearish