Friday, November 24, 2006

 
Trading Ideas & Picks

General Motors Corporation - Fallen below a medium-term trendline

GM: General Motors Corporation has fallen below a medium-term trendline. The drop below the ascending support will be used by technical traders to suggest that the downward momentum may continue. The volume on the bottom of the chart has increased since the price has moved below the support near $33.50. This spike in volume will be used as confirmation by the bears of the expected move lower...

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