General Motors tries to vent off overbought saturation - Analysis - 08-04-2021

General Motor's stock (GM) fell 1.79% in the last session after the resistance of 62.00 held on, while the stock gathers momentum and vents off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the resistance of 67.00, provided the first resistance of 62.00 was reliably breached. 

Expected trend for today: Bullish