General Motors gathers positive momentum - Analysis - 29-11-2022

General Motors' stock (GM) fell in the intraday levels, while gathering positive momentum to rise anew, marking a loss of 2.67% in the last session, or 1.08 points, and settling at 39.38, while hurt by piercing the downward trend line recently, with positive support from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the resistance of 42.35, provided the support  of 37.50 holds on.

Expected trend for today: Bullish