GM is breaking down from a massive long term wedge which bode ill for the stock. In the immediate time horizon, would expect GM to shoot for a downside ABCD completion at $32.40, -8%. Would reassess at that point for any bounce/retest of the wedge support. It is amazing to note how much US auto sales have declined from 12 months ago when it peaked at 18.5mn...
Inchcape has been steadily trending lower over the past few weeks. The shares have under-performed the FTSE100 index over the last 3 months as well as the general retailers sector. Sell at market and look for a move towards the June low.