$GM: Double Top and Bearish Dragon with Bearish Divergence.
Over the last few weeks i have been suspicious of GM's Price Action and have been awaiting a Sign of Weakness at a Local Top. Last week it seems to made a Higher High but showed even more Weakness on the RSI and MACD along with Elevated Volume.
I believe price action is suggested to the chart that GM will come back down to test the trendline and if broken make a deep retrace to atleast test the 0.618 Fibonacci level.
I believe price action is suggested to the chart that GM will come back down to test the trendline and if broken make a deep retrace to atleast test the 0.618 Fibonacci level.
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