GM Revving Up for a Short Ride Up
GM Daily Chart
Although GM formed a double top, it is showing signs of strength at a support level (green bar). If GM goes up in the beginning of next week, it will go up to 40.
GM is close to the upper trendline of the channel. However, it will likely make a fakeout up to 40, where there is resistance from the gap. This will happen around the time GM's earnings are declared.
GM's ride up to 40 will complete the fifth wave. Then it will be a ride down to 32, the next support level.
Although GM formed a double top, it is showing signs of strength at a support level (green bar). If GM goes up in the beginning of next week, it will go up to 40.
GM is close to the upper trendline of the channel. However, it will likely make a fakeout up to 40, where there is resistance from the gap. This will happen around the time GM's earnings are declared.
GM's ride up to 40 will complete the fifth wave. Then it will be a ride down to 32, the next support level.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。