Will GM Cruz After Earnings?

Although the sale of GM's trucks remains strong, their car sales are trending down. GM may try to blame the "chip shortage" but the numbers show strong EV sales. On top of that if China's consumers are cutting back like we believe they are then GM will lose more sales oversees in the future than they already are. The chart is showing we have what appears to be a saucer top in this name

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Will GM Cruz After Earnings?

bearish

Although the sale of GM's trucks remains strong, their car sales are trending down. GM may try to blame the "chip shortage" but the numbers show strong EV sales. On top of that if China's consumers are cutting back like we believe they are then GM will lose more sales oversees in the future than they already are. The chart is showing we have what appears to be a saucer top in this name

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51.98

Target Price

7/ 10

Confidence

2-4 Weeks

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