General Motors continues cautious rise - Analysis - 20-09-2018

Economies.com
2018-09-20 14:49PM UTC

General Motors' stock kept rising in the short term, nearing the resistance of the 50-day SMA, amid the dominance of the downward correctional short-term trend along the trend line, while the RSI reached overbought levels compared to the stock's movements. 

 

Therefore we expect the stock to return lower, as long as the resistance of 36.63 holds on, targeting the support of 34.50 anew. 

 

Expected trend for today: Likely Bearish 

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