VantageMarkets

General Motors to break to the upside?

Long
NYSE:GM   General Motors Company
General Motors Company - 30d expiry - We look to Buy a break of 34.33 (stop at 32.53)

Price action looks to be forming a bottom.
Bullish divergence is expected to support prices.
Posted a Double Bottom formation.
The bias is to break to the upside.
Trading has been mixed and volatile.
Expect trading to remain mixed and volatile.

Our profit targets will be 38.83 and 39.83

Resistance: 34.21 / 36.00 / 38.20
Support: 32.70 / 32.02 / 31.50

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