General Motors suffers from negative pressures - Analysis - 12-10-2018

2018-10-12 13:17:10 GMT (Economies.com)
General Motors suffers from negative pressures - Analysis - 12-10-2018
 

General Motors' stock fell in the intraday levels, after hitting an intraday high at 33.50, bouncing off it lower and turning gains into losses before the close, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, and amid the dominance of the main downward trend in the medium and short terms. 

 

Therefore we expect more losses for the stock, targeting the support of 31.92, as long as it settles below 33.35. 

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.1482
-0.0040
0.3446%
1.2997
-0.0075
0.5715%
14.763
0.130
0.888%
66.160
-3.120
4.504%
76.31
-3.52
4.41%
1231.860
5.155
0.420%
 
 
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