why gm is going down

$General Motors(GM.US)$
financials of this company is trash. every year they sell half of what they sold from previous year, and every car they sell they are losing money. Then you might ask, but their eaening reports are good man. Are you sure? i'm certain they are selling unsecured cheques to their investor. This company is bound to fail unless govt decided to say hey i like this company lets pump money into it. my take is this will go up 63$ then back down to 50$ then forming a 'M' shape pattern. We all know when a M shape pattern is there it means reversal are here and that means turning bullish. This is my opinion take it or leave it.