General Motors trims gains - Analysis - 19-08-2019

General Motors' stock hit a session-high at 37.57 before bouncing off it lower, while venting off oversold saturation in the RSI and suffering negative pressure from the 50-day SMA. 

Therefore we expect the stock to rise and retest the resistance of 38.27 before potentially bouncing down and targeting the support of 36.12. 

Expected trend for today: Bullish