GM has seen heavy call flow over the past two days. Bull flags have been forming on both the 10 minute and daily chart Strong relative strength these past 2 weeks. Potential to break monthly high price.
I would think fundamentals would help GM rise, but on a technical view on the 1D chart, if you zoom out to the year you can see a triple top. That's generally very bearish.
The alternative is a rally up...like tomorrow or Monday lol
1. Fundamentals from stimulus euphoria/GM pivoting their model
2. Following massive option flow on the 60c, to me screams a news item is soon
3. Larger funds rotating out of tech
I believe these three things will cause that resistance to break.