Shares of automakers continued to take a beating a

Shares of automakers continued to take a beating as worry over auto loan defaults mount. With memories of 2008 and 2009, investors are running scared in the near-term. However, that yields a great buying opportunity if you know the level where the stocks will bounce. On General Motors Company (NYSE:GM), there is major buy level support at $32.85. If the stock should hit this chart support level in the next day or so, buy it. There should be a hard technical bounce back to $35.00.