29.12.2014 - The price of General Motors is trying to continue the growth within the channel

The stock price of General Motors Company has reached a local maximum at about 34.00 and tries to overcome it. In case of success quotations may reach the level of 35.00, and the upper limit of the downward channel, after which we expect a resumption of the downward movement with the objectives of 27.00 and 27.00. Our medium-term outlook is negative and we recommend to open short positions with a short stop after reaching the top of the channel.

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