Send me real-time posts from this site at my email
Voting is over

GM backslides to target level

GM shares stopped falling in mid-October, bouncing off USD 30.50, a strong historical level. Attempts to break out of the falling band YTD were blocked at the USD 33.80 local resistance level. At this point, the band, within which GM tried to trade up, was breached to the downside. The stock has already retraced to the breakout boundary. Investors can short the stock at prices close to the current levels with the target noted above. The stock is very likely to retrace to USD 30.50 and try to break through this level.

3 people

GM backslides to target level

Voting is over
Waiting for
the right answer
2 people
1 person

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue