13.10.2014 - General Motors continues to fall

The stock price of General Motors since beginning of year lost about a third of the capitalization. At the moment, the price approached to a strong support level by 30.00 and the lower boundary of the downtrend channel and can rebound from these levels. In case of continued fall and fixing the price below 30.00, we recommend to open short positions with the targets of 26.90, 23.50 and 21.00. We look forward to continuing the downward movement is case of an upward correction is recommended to build up short positions.

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