General Motors returns lower - Analysis - 29-03-2021

General Motors' stock (GM) returned lower with a 0.14% loss in the last session while seeking a bottom to bolster it higher anew, with support from the 50-day SMA, coupled with the dominance of the main upward trend in the medium and short terms after reaching oversold levels compared to the stock's movements. 

Therefore we expect more gains for the stock, targeting the important resistance of 62.00, provided the support of 54.50 holds on.

Expected trend for today: Bullish