General Motors gathers positive momentum - Analysis - 14-12-2018

Economies.com
2018-12-14 11:39AM UTC

General Motor's stock fell amid attempts to gather momentum to help it rise anew, with positive signals from the RSI after reaching oversold levels, thus marking a final loss of 1.60%, or 0.57 points, amid positive support from the 50-day SMA, with the dominance of the upward correctional wave in the short term. 

 

Therefore we expect the stock to return higher, provided the support of 34.50 holds on, targeting the resistance of 39.61. 

 

Expected trend for today: Likely Bullish 

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