A clean Rounding Bottom often precedes a big move. Validate your entry.
Gradual reversal from bearish to bullish.
Traders are watching General Motors (GM) as price action tightens. Currently at $79.29, the asset is showing downward momentum (-0.36%). Price action has carved out a classic Rounding Bottom. This setup is supported by average volume turnover. A potential breakout level is identified at $85.41, targeting $100.54 with support near $77.84 (R:R 2.0).
What is your outlook on GM?