General Motors leans on SMA support - Analysis - 03-05-2021

General Motors' stock (GM) fell in the last session while gathering momentum to help it rise anew, as it vented off overbought saturation in the RSI, with negative signals coming out of them, while also leaning on the support of the 50-day SMA, amid the dominance of the main upward trend in the medium and short terms.

Therefore we expect the stock to return higher, targeting the pivotal resistance of 62.00, provided the support of 54.47 holds on.

Expected trend for today: Bullish