29.08.2016 - Shares of General Motors may show a decrease In the near future
Price of General Motors has broken through the inclined support line after failed to overcome the resistance level at 32.00 and started to correct downwards. Fixing of price below the local minimum around 31.50 will be a signal to sell with a stop above 32.20 and targets at 28.45 and 27.00. Less likely will be the continuation of growth and fixation higher than 32.00 that will be the basis for continued growth to 34.40 and 36.50. Our forecast for the short term is negative.