DAILY TECHNICAL ANALYSIS OF GENERAL MOTORS & TRADING TIPS

DAILY TECHNICAL ANALYSIS OF GENERAL MOTORS & TRADING TIPS

Technical Analysis

GENERAL MOTORS Technical Analysis: Weekly Chart

In the weekly charts, GENERAL MOTORS is trading in a down channel.

It is trading below all SMA.

The immediate support is 43.17 & the resistance level is at 47.67.

GENERAL MOTORS is trading in the down channel until there is trend reversal.

GENERAL MOTORS Technical Analysis: Daily Chart

In the daily charts, GENERAL MOTORS is trading in an up channel.

It is trading above 20 days SMA & below 50 and 100 days SMA.

The immediate support is 43.21 & the resistance level is 46.10.

GENERAL MOTORS is trading in the up channel until there is trend reversal. 

How to Trade GENERAL MOTORS this Week:

GENERAL MOTORS will remain bearish until there is breakout of down channel in weekly charts.

TRADE SUGGESTION- SELL AT 45.19, TAKE PROFIT AT 43.21 AND STOP LOSS AT 46.10

About Author

Related posts

Leave a Reply