GM was driven down way below its fundamentals by panicky retail. It is now back up into its fundamental level, well ahead of the Fall Rally. The fast recovery indicates that the selling was not aligned with fundamentals. Auto sales have an annual cycle with the highest number of sales in the final quarter of each year.
Beyond Technical AnalysiscarsalescycleanalysisdarkpoolquietaccumulationFundamental AnalysisfundamentalsvstechnicalsholidayseasonrallyrecoverySeasonalityseasonality-tradingsupport
Martha Stokes, CMT
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