GENERAL MOTORS Weekly Technical Analysis – 03 March 2022

GENERAL MOTORS Weekly Technical Analysis – 03 March 2022

technical analysis

GENERAL MOTORS Technical Analysis: Weekly Chart

In the weekly charts, GENERAL MOTORS was trading in the up channel.

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

The immediate support is 44.09 & the resistance level is at 48.36.

GENERAL MOTORS was trading in the up channel before the breakout.

GENERAL MOTORS Technical Analysis: Daily Chart

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

It is trading below all SMA.

The immediate support is 45.83 & the resistance level is 47.89.

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

How to Trade GENERAL MOTORS this Week:

GENERAL MOTORS will follow the downtrend until their trend reversal. So, remain bearish on GENERAL MOTORS

TRADE SUGGESTION- SELL AT 46.29, TAKE PROFIT AT 45.83 AND STOP LOSS AT 47.89

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