Shares of General Motors (GM) have been sliding from the 2017 high at 38.55 to a low on the year so far at 33.80. I think the overall trend is neutral-bullish, and I think price should be supported around 32.50.General Motors (GM) Weekly Chart(click to enlarge)Support Factors:- We can see that price is already testing the 100-week simple moving average (SMA) as well as a previously broken falling resistance.- The support does begin around 34, and we have seen some buying here already.- However, I think if price continues to be pressured, there is a chance GM will fall further towards 33, or even 32.50. - We can see that the 32.50-33 area involves:1) A rising support.2) The 200-week SMA.3) A key support/resistance pivot.- Furthermore, the RSI is 40. Even if the RSI cracks 40, as long as it can turn back up immediately (within a week), it would reflect maintenance of the bullish momentum.Below 32.50:- A break below 32.50 on the other hand takes away the bullish component of the bullish-neutral mode. - Instead the mode would be neutral, with some short-term bearish bias at least towards 30. - If price does reach 30 but bounces up, I would still consider the bullish scenario alive for GM. - Below 30, I think GM would be bearish.