GENERAL MOTORS WEEKLY TECHNICAL ANALYSIS – 11 MARCH 2022

GENERAL MOTORS WEEKLY TECHNICAL ANALYSIS – 11 MARCH 2022

technical analysis

GENERAL MOTORS Technical Analysis: Weekly Chart

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

It is trading below all SMA.

The immediate support is 39.96 & the resistance level is at 44.00.

GENERAL MOTORS was trading in the down channel before the breakout downside.

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 39.74 & the resistance level is 44.08.

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 41.82, TAKE PROFIT AT 39.74 AND STOP LOSS AT 44.08

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