General Motors receives positive support - Analysis - 04-10-2021

General Motors' stock (GM) rose 0.8% in the last session after leaning on the support of the 50-day SMA, while buoyed by piercing the downward correctional trend line previously, amid negative signals from the RSI after reaching overbought levels. 

Therefore we expect the stock to rise and target the resistance of 56.95, provided it settles above 52.20.

Expected trend for today: Bullish