Stocks

General Motors retests important resistance - Analysis - 14-06-2019

2019-06-14 12:25:41 GMT (Economies.com)

General Motors' stock rose 0.98% in the last session, retesting the upward trend line that was breached recently, with negative signals from the RSI after reaching overbought levels compared to the stock's movements, with negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to return lower, targeting the first support at 34.28, as long as the resistance of 36.22 holds on. 

 

Expected trend for today: Bearish  

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