Nov. 15 at 10:11 PM
$GM: The stock is currently trading at
$70.52, above both the 30-day moving average (MA30) of
$64.8 and the 50-day moving average (MA50) of
$62.62, indicating a bullish trend. The RSI of 55.32 suggests that the stock is neither overbought nor oversold, allowing for further upside potential. The recent high of
$72.87 indicates resistance, while the low of
$54.33 provides a solid support level.
Directional bias is bullish due to the price being above key moving averages and the RSI indicating room for growth. Suggested entry is at
$71.00, with a stop loss at
$68.00 to manage risk. Target 1 is set at
$72.50, just below the 60D high, and Target 2 at
$74.00, allowing for potential breakout gains.
Overall, the combination of strong technical indicators and recent price action supports a bullish outlook for
$GM.
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