There is a new strike against General Motors after 12 years because GM dumped health care for striking workers.
There is a passive prospect for GM because much too powerful UNION is bad for manufacturers, especially for GM.
From the monthly chart, we can see there is a contracting triangle, which may be a reverse pattern or a continuous form.
If the price breaks out either side of triangle, upward side or down ward side, a sharp rise or plunge will happen.
If the strike becomes bigger and bigger, it is most likely to break down, which would be a disaster for both GM and investors.
Hopefully the dispute between GM and worker could get a good deal.
In the long term, America is not good for manufacturing industry because of the too powerful UAW and slack workers. So manufacturing such as car-making, iron and so on, will be transferred to Asia continuously.
High technology and finance is good and appropriate for US, no matter how Trump calls for the return of manufacturing industry.
There is a passive prospect for GM because much too powerful UNION is bad for manufacturers, especially for GM.
From the monthly chart, we can see there is a contracting triangle, which may be a reverse pattern or a continuous form.
If the price breaks out either side of triangle, upward side or down ward side, a sharp rise or plunge will happen.
If the strike becomes bigger and bigger, it is most likely to break down, which would be a disaster for both GM and investors.
Hopefully the dispute between GM and worker could get a good deal.
In the long term, America is not good for manufacturing industry because of the too powerful UAW and slack workers. So manufacturing such as car-making, iron and so on, will be transferred to Asia continuously.
High technology and finance is good and appropriate for US, no matter how Trump calls for the return of manufacturing industry.