05.12.2014 - General Motors is trying to continue the growth

General Motors stock price after a rebound from the bottom of the descending channel has broken a strong resistance level at 33.00 and is trying to gain a foothold above this mark. In case of success, we expect short-term growth of quotations to 35.05 and the upper boundary of channel. In case of reduction, short positions with the targets 29.00 and 28.00 should be opened after fixing the price below 32.00. We expect growth of quotations in the near future and recommend to wait for the signal to buy.

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