$GM Consolidating Below Resistance, Riding the Rising 200 EMAGeneral Motors CompanyBATS:GMadv567ecGM Testing Weekly Resistance While Holding Above the 200 EMA GM continues to trade within a strong long-term uptrend, maintaining a position well above its rising 200-week EMA, which remains a key indicator of underlying bullish momentum. After its powerful breakout from the late-2025 base, price has entered a consolidation phase between $74.90 support and the $84.00-$84.24 resistance zone. The recent pullback successfully respected the $70.33-$70.97 demand area, preserving the series of higher lows that defines the current bullish structure. Key levels to watch: Resistance: $81.32 → $83.24 → $84.00-$84.24 Breakout confirmation: Above $84.24 Upside targets: $87.62, $96.67, and $101.40 Near-term support: $74.90 Major demand zone: $70.33-$70.97 Long-term trend support: 200 EMA Bullish structure invalidation: Weekly close below $67.05 The current price action appears to be forming a consolidation pattern beneath resistance. A decisive weekly breakout above the $84 area could trigger the next leg higher toward $87.62, while sustained strength above the rising 200 EMA continues to favor the bulls. As long as higher lows remain intact and price stays above major support, the longer-term trend remains constructive.