General Motors resumes decline - Analysis - 06-12-2019
Economies.com
2019-12-06 12:33PM UTC
General Motors' stock returned lower with a 1.37% loss, amid negative pressure from the 50-day SMA while settling below the 36.22 resistance, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the long term.
Therefore we expect more losses for the stock, targeting the next support at 34.88, which represents the ratio 61.8% of the same retracement levels.
Expected trend for today: Bearish
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