26.02.2015 - General Motors is trying to overcome the local maximum

The price of shares of General Motors after a minor correction to the level of 37.00, resumed growth and again is trying to overcome a strong resistance level at 38.00. In case of success, and fixing the price above 38.00, we recommend to open long positions with the targets at 41.00 and 42.00. Falling is limited by the support levels at 36.00 and the lower boundary of the rising channel. Our medium-term outlook for the stock is positive, but we do not exclude the fall in the near future.

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