General Motors recently reversed from the resistance area lying between the resistance level 24.40 (previous reversal high from the start of April), upper daily Bollinger Band and the 50% Fibonacci retracement of the downward impulse from February.
The downward reversal from this resistance area started the active medium-term impulse wave (3).
General Motors is expected to fall further toward the next support level 20.55 (low of the previous impulse wave (1) from last month).
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