$GM
Added 2023-10-31 12:21:12 +0000 UTCThe vehicle manufacturing companies are all in good company at the moment.
$F and $GM are closely linked and will follow each other up and down.
$GM also lost critical support levels at $35 and has sunk since, losing its July '22 low last week too.
Price looks glued to the Wave C trajectory and moving down to the 0.78 Fib and 0.887 Fib between $25 and $20.
I would not be rushing into this right now, the UAW has damaged them and their bottom lines I believe and the market does not like what they see.
