GM had a large amount of volume in an uptrend during the overall market selloff on Friday. If it holds on Monday we could see a breakthrough to new recent highs.
Check the minute chart and you'll see a ton of volume right at close while the market was doing the opposite.
Check the minute chart and you'll see a ton of volume right at close while the market was doing the opposite.
Note
Closed at prior resistance level today, may be treating that as support. If it fails tomorrow just have stop losses tight.
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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.