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RS_Trades
Oct 18, 2020 7:24 PM

GM Finished Strong Above Recent Resistance Long

General Motors CompanyNYSE

Description

GM had a large amount of volume in an uptrend during the overall market selloff on Friday. If it holds on Monday we could see a breakthrough to new recent highs.

Check the minute chart and you'll see a ton of volume right at close while the market was doing the opposite.

Comment

Closed at prior resistance level today, may be treating that as support. If it fails tomorrow just have stop losses tight.
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