01.06.2016 - We expect a price drop of General Motors

Price of General Motors has shown a sharp decline after reaching upper border of the local descending channel and reached the support level at 30.30. Fixation lower than 30.00 will be the signal for the further fall of quotations to 28.50 and 27.00. In case of resumption of growth, quotes will return to resistance at 32.00. We forecast a drop in the near future.

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