General Motors shares test resistance level for the third time

  • Oct 13 2021
  • by
  • Analyst AZA
General Motors shares test resistance level for the third time

General Motors shares test resistance level for the third time

General Motors shares are on a growing trend. The price is trying to break the resistance level of 59.30 for the third time. The chart shows a pattern called a flag. It's is a technical analysis pattern that signals a trend continuation. We have placed our order above this resistance level. If the position will open, then there is a chance to earn 60 pips in this trade.

Symbol: GM
Order Type: Pending Order - Buy Stop
Entry Price at 59.40
Take Profit at 60.00
Pips Earning: 60

Forex trade strategy for major currency pairs:
EURUSD sell at the price of 1.11525
USDJPY buy at the price of 113.80
GBPUSD sell at the price of 1.3570
USDCHF buy at the price of 0.9315

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Daily technical analysis of the stock market from AZAforex
The profit can be $600.00 if the trading volume of 1000 USD (1 Lot).
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