General Motors Company
Long

$GM General Motors $55.00 Short Term Breakout target

1 718
Todays announcement regarding the new commercial EV certainly gave the stock a push
to a ATH, which is continuing in the After-hours.
The stock posted its first closing since Oct 2017
but however still remains within the upper trendline resistance.
Tomorrow we will look for a break above $50.00 for a possible add.
The first major Fibonacci target (blue) is $55.58, while teh local fib expansions levels must also be considered (yellow)
but it is wise to expect a back-test of old resistance before advancing .

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