23.11.2015 - Shares of General Motors can continue to grow to 40.00

Share price of General Motors reached an important resistance level at 36.50 and in case of its overcoming it will be able to continue the upward movement of price inside the rising channel to the target levels at 38.00, 39.00 and 40.00. At the moment, there is a possibility of correction to the channel's lower border. After overcoming the level of 36.50, we recommend to open long positions with a stop below 34.50. Our medium-term outlook is positive.

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