General Motors Wave Analysis – 12 February, 2019
February 12, 2020 @ 16:59 UTC
- General Motors reversed from support area
- Likely to rise to 35.65
General Motors recently reversed up from the combined support zone lying at the intersection of the multi-month support level 33.00 (which stopped the earlier sharp impulse wave (C) in May), lower daily Bollinger Band and the support trendline of the daily down channel from January.
The upward reversal from this support area completed the previous long-term ABC correction II from the start of August.