GMIt might jump up, just wait for the right signal. Perhaps high volumes.
Stochastic is in oversold.(it does not say really a lot - it can keep being in oversold)
Based on the slope of the downtrend (retracement - too fast compared to the previous rally), I would be tented to follow Technical Analysis.
Fundamental News:
GM will report results for the first quarter before the market opens on Wednesday, May 6.
Expectation: $0.47 a share profit on sales of $32.09 billion - but not as good as the last year (I can guess)
The moves announced Monday follow other cash-saving measures taken at the beginning of April, when the company deferred 20% of salaried workers’ pay, cut top executive compensation and put 6,500 employees on leave.
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