GM may be pivoting down SHORT

GM on the weekly chart has ascended to the top of the high volume area of the long term

volume profile. The predictive algorithm forecasts a bounce down from that level. The

MACD indicator shows lines crossing over the histogram while the RSI lines are in the 60s

about the same level as the market pivot in 2022. The Supply / Demand indicator has the lines

with zero slopes ( flat) and ready for a reversal. Fundamentally, GM is challenged by the

dynamic between EVs and hybrids moving foward and federal mandates on fleet production

efficiency quota. I will take a short trade here along with Ford.
autostocksEarningsevstocksFORDGMGrowthmarketdownturnreversalpatternVolume

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