06.06.2014 - Traders are waiting for the time to buy shares of General Motors

The stock price of auto giant General Motors has broken through the upper boundary of the channel and overcome the strong resistance level at 35.50. Now the price decreases within the correction, but probably will resume the growth with targets at 38.00 and 41.50. In case of reduction, the quotes can drop to 35.50 and 33.50. We expect continuation of growth of the stock prices in the medium term.

Nearest resistance levels: 37.00, 38.00, 40.00, 41.50

Nearest support levels: 35.50, 33.50, 31.90

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