General Motors pares losses - Analysis - 25-01-2022

General Motors' stock (GM) fell 1.20% in the last session, trimming the losses after plumbing a session-low at 49.37, while venting off oversold saturation in the RSI, amid the dominance of the downward correctional wave in the short term, with negative pressure from the 50-day SMA.

Therefore we expect the stock to decline and target the support of 47.00, provided it settles below 53.75.

Expected trend for today: Bearish