General Motors in a free fall - Analysis - 19-10-2018

General Motors' stock breached the support of 31.92, recording a loss of 2.66% in the last session, or 0.85 points, amid the dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA, countered with positive signals from the RSI. 

Therefore we expect more losses for the stock, as long as it settles below 31.92, targeting the support of 29.90. 

Expected trend for today:  Bearish