General Motors: Time for the Bulls?

Published on Thursday, 28 June 2012 04:03 Written by TradersHuddle Wire

New York, June 28th (TradersHuddle.com) - Shares of General Motors Company (NYSE:GM) ended the trading session flat by $0 or 0% from its previous close. General Motors' price action developed what can be considered a reversal pattern in the form of a tweezer bottom, which is a candlestick pattern that is usually formed at the end of a downtrend. The tweezer bottom is considered a reversal pattern, so traders will need to monitor the price action for confirmation.

General Motors Company (NYSE:GM) is one of the largest automakers in the world headqurtered in Detroit, MI and doing business in more than 120 countries around the world. GM and its strategic partners produce cars and trucks in 31 countries, and sell and service these vehicles through the following brands: Buick, Cadillac, Chevrolet, GMC, Daewoo, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling. Its largest national market is China, followed by the United States, Brazil, the United Kingdom, Germany, Canada and Russia. GM