BY LICIA LESLIE
September 3, 2023
General Motors (Ticker: GM) has been in a trading range since May.
The high end of the range comes in around $41.50 and the lower end is $31.50-$32.00:
I have been watching GM for a close over this support/resistance level it has been flirting with the past two weeks.
If GM can close closer to $34, it has a lot of room on the upside to rally, possibly $38-$40.
Wait for that confirmation before hopping into those calls.
If it fails, GM could test that most recent low at $31.50.
The jury is out, we need more evidence.
Trade accordingly.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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