General Motors' stock (GM) fell in the intraday levels, amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA, countered with positive signals from the RSI after reaching oversold levels.
Therefore we expect more losses for the stock, targeting the pivotal support of 30.40, provided the resistance of 37.50 holds on.
Expected trend for today: Bearish