General Motors racks up gains - Analysis - 22-10-2020

General Motors' stock (GM) kept rising with a 0.48% profit in the last session, while the RSI reached overbought levels and vented off overbought saturation from the RSI, as the stock traded alongside the upward medium-term trend line, with positive pressure from the 50-day SMA. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 38.95, provided it holds above 34.55. 

Expected trend for today: Bullish