GM is under pressure after breaking a daily trend line. Despite good profits, a $20 billion buyback and in-line guidance, it has not raised guidance, a problem with expectations high. A confirmed daily close below the trend line tomorrow would signal a collapse; day-trade levels are around 76.50 and 75.

GM, GM is under pressure here. You can already see a trend line from the daily chart; we are currently without it. I want to make that clear to you, but GM actually made very good profits.

But again, it is a stock that has been trading at a very high level. If you look at the 52-week ranges or even the multi-year ranges, GM has been at high levels. So, I think again that despite their announcement of a $20 billion share buyback, which is a huge amount, and that they outperformed in profits.

They provided guidance within the scope. I think that's the problem here, which is that they haven't raised their guidelines. We'll see this a lot this earnings season, with everyone expecting these companies to say that if you don't raise your guidance, your stock will go down.

Quite simply . Therefore, expectations are really high for these stocks. Okay, but if we go back to GM here and move to the daily chart , this is the same yellow trend line that you just saw in day trading, this is the trend line.

Therefore, a daily close with confirmation of this tomorrow would mean a collapse in the price of GM stock. Therefore, I will be watching him very closely . In terms of day trading, there is a simple level around 76.50.

I will focus more on the 75 level that was broken here, these three pivotal bottoms as a daily tradable level.

at the 52-week ranges or even the multi-year ranges, GM has been at high levels. So, I think again that despite their announcement of a $20 billion share buyback, which is a huge amount, and that they outperformed in profits.

They provided guidance within the scope. I think that's the problem here, which is that they have n't raised their guidelines.