GMTechnical Analysis:
The market is in a trendless stage after a bearish trend. There might be a kind of Nonfailure Swing Pattern (Reversal Pattern) before the sideways trend. It might mean that the trend was ready to change direction. It could be seen as a bullish signal.
Hold for now and wait the right signal to buy for a long and short term investment
Fundamental Analysis:
Still negative news around the Covid-19: a fear of a possible second wave of infection is in the "air".
Good News:
GM nears reopening of Mexican pickup plant (GM's three vehicle assembly plants in Mexico could resume operations next week following conditions set by the government)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.