GM don't think much upside left in this unless it's a big brkout
GM is closing in on the descending weekly resistance trendline at about 37.50.
Currently weekly is also facing a horizontal resistance which needs to be broken first to reach 37.50 zone. Breaking 37.50 will need a very big push and with volume to consider this breakout a real breakout.
All in all even if GM turns bullish in short term I don't think it will have legs to break 37.50, where it can be a good shorting opportunity.
Currently weekly is also facing a horizontal resistance which needs to be broken first to reach 37.50 zone. Breaking 37.50 will need a very big push and with volume to consider this breakout a real breakout.
All in all even if GM turns bullish in short term I don't think it will have legs to break 37.50, where it can be a good shorting opportunity.
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