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VL74

General Motors long

Long
General Motors Company (NYSE:GM)  
VL74 Updated   
NYSE:GM   General Motors Company
Beyond Technical Analysis
2
0
beyondta
GM long position.
Market below Lin Reg and MACD on H4.
Confirmation on H1 to take long position with 2 TP.
Tp1 at $38 and 2nd at $44.
SL at $32.39.
Warning!!!!
This content should not be interpreted as financial advice
Comment:
GM fall below suggested SL and recovered quickly - drawing nice hammer candle on H1 and H4.
Automated SL: closed the position with loss -2.75%
Manual SL: allowed to move the SL right below the lower shadow of the hammer candle - level $31.95(strong confirmation for SL)
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