13.09.2016 - We are forecasting the resumption of decline of General Motors shares

Price of General Motors after a sharp decline, and reaching the level of support at 30.30, started to correct upwards and in the near future may continue increase until 32.10. Fixing of price above this level will be a signal to buy with targets at 34,50-35,00. A more likely scenario, according to our forecasts will be fixing of price below the level of 30.30 and further fall with the objectives at 28.50 and 27.00. Our medium-term outlook remains negative.

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