GM is currently at a critical support zone, trading at the lower trendline of a consolidation channel and near a Fibonacci support level.If GM breaks below $30, there's a potential for it to decline further to $26.
The outcome depends on UAW negotiations, which could lead to either a bounce from the current support or a breakdown to $26.
What will it be? 👀
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I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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.