I warned you I was bearish about the automakers 3 days ago. YOU CAN READ MY ANALYSIS FROM Tuesday HERE.
My High Octane Scanner gave a short signal the day after Ford announced that it had increased supplier costs and parts shortages. I told you that I was bearish GM on this combination of Technicals and Fundamentals. Well, GM is down 10% i.e. 4 days in a row since!
Here’s what happened:
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