It seems that before you trade a stock, there is a process for stock selection and a bit of research that needs to happen. It looks as if a person cannot pick any random stock he or she likes.
Anyway, GM seems to have some momentum going on. I see what seems to be a head-and-shoulder pattern. I never used it, but it looks interesting, and that one appears to be okay. Well, there appears to be a QML level too, indicating a strong bearish move, and now the price will probably go up to retest the neckline lows before it falls again.
It is bullish for now, with a bearish bias of 37.
-Alright, that was fun for stocks, it is different, it feels different, it gaps up and down and so, the entry price is therefore sensitive.
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Khiwe
On this profile page, the shared analysis, ideas, and strategy of a chart belong to Khiwe, with some being influenced. The technical setups are speculative; they are not guaranteed for accuracy or completeness in the form of any content, and they are not intended to provide financial market advice. Please apply your own analysis and confirm it with price action.
Trade closed: target reached