General Motors seeks bottom to bounce higher - Analysis - 11-01-2021
2022-01-11 10:55:18 GMT
(Economies.com)
General Motors' stock (GM) tumbled 1.93% in the last session, amid negative signals from the RSI after reaching overbought levels, while seeking a bottom to bounce it higher, amid the dominance of the upward short-term trend, with support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 67.00, provided the support of 58.80 holds on.
Expected trend for today: Bullish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1342
|
-0.0062
|
0.5441%
|
|
|
|
|
1.3609
|
-0.0049
|
0.3577%
|
|
|
|
Tadawul
|
12260.13
|
73.83
|
0.61%
|
|
|
|
|
24.115
|
1.103
|
4.793%
|
|
|
|
|
85.155
|
1.286
|
1.533%
|
|
|
|
|
88.44
|
0.93
|
1.06%
|
|
|
|
|
1839.605
|
19.145
|
1.052%
|
|
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