05.01.2015 - General Motors stock quotes are falling within the channel

The stock price of General Motors after reaching the strong resistance level of 35.00 and the top of the channel, started to correct downwards and according to our estimates in the near future will reach 34,00 and the channel bottom. In case of breaking and fixing the price below these levels, we expect a decrease in quotations with the objectives of 30.60 and 29.00. Growth is limited by the level of 38.00. We expect further price decline of General Motors with a potential drop by 20-25% per year.

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