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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