GM bull flag on the hourly chart and the 5 minute chart

18 Kas 2021

GM +$65 (over $65 for Calls)

Price targets: $65.7, $67.7

Technical Analysis: Bull flag breakout on the hourly and the 5sma

News Catalyst: "General Motors is steadily approaching a $100 billion market valuation after shares of the automaker reached a record high on Wednesday. GM’s gains come as shares of newly public electric vehicle start-ups Rivian and Lucid Group, which briefly surpassed GM in market cap Wednesday... GM is celebrating the opening of its first dedicated electric vehicle plant in Detroit. GM CEO Mary Barra rang the opening bell from the facility earlier on Wednesday; President Joe Biden will visit the plant in the afternoon." - CNBC