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4 february 2015

GM has not pushed below a strong 33.15 horizontal level of 2011, slipping out of it to the upside through a gap. Logically, it could once again start moving upward toward the upper bound of a large potential flag in the vicinity of 34.35. The first target in a short upward movement is over there. If the price manages to move to the upside beyond the bound of this pattern, the next target will be USD 38 and 41 per share, left trading levels. Investors could open positions at the current price with a stop loss above the upper bound of the gap, towards the abovementioned targets.

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