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What to expect from shares of the General Motors?

Discussion in 'Fundamental Analysis' started by tiptip, Jul 23, 2016.

  1. tiptip

    tiptip New Member

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    Based on the multipliers P/E и P/BV, shares of the company are being traded below the average values. It implies a growth of the shares price up to 33.41. Thus, we can expect potential growth by 4.2%
    Technical analysis:

    • ADX on the daily and 4-hours' and hourly charts indicates presence of a strong uptrend.
    • The day before, shares of the "General Motors" confidently broke the strong resistance level 31.75, which is now becoming a strong support level. The next strong resistance levels are at the level of 32.67 and 33.39.
    • RSI on the daily chart is overbought, which does not allow us expecting a significant growth of quotations
    Trading Recommendations:
     
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