GM Stock: Will General Motors Stock Reach the $40 Level?

GM Stock: Will General Motors Stock Reach the $40 Level?

1
GM stock price at press time was $33.66 with a 0.57% rise in the last 24 hours with a current market cap of $46.313 Million.
2
GM stock price is in the range of $30.00 and $40.00.
GM stock price has been in a downtrend for the past three months, as it faced resistance from the higher levels and formed lower lows. This shows that the bears have been in control and the stock has lost its momentum. The stock has also broken below the key moving averages indicating weakness.
The stock has created a bearish momentum. GM stock has returned to its support level. Technical analysis suggests that the stock is oversold and could bounce back from the lower levels.
GM share price is in a correction phase but trading near the crucial support of $32.00. If formed, a bearish candle would indicate sellers are active and will try their best to drop the price. General Motors stock price closed the previous session at $33.66 with an intraday rise of 0.57%. If the buyers

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