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GM Long - Possible Bounce off 50 and 200 MA

Long
General Motors Company (NYSE:GM)  
RS_Trades  
NYSE:GM   General Motors Company
Moving Averages
2
1
movingaverage
Might be an overreaction after the NKLA news. Appears to be bouncing and reversing on the daily chart after bouncing off the 50 and 200 MA. Also a golden cross forming with the 50 MA crossing over the 200 MA.

On the flip side, the reaction from NKLA could continue if more news comes out so maybe wait for a confirmation.
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