I'm going to short General Motors, my target price to exit is $20. Let me know in comments what do you think.
Hey folks, happy Monday! Hope you are all doing well! GM has reached areas of strong support and the indicators are showing that it has bottomed and is oversold. I personally think that this is a good time to enter a trade with low risk and high return.
We have been following this one for a while suspecting a giant zigzag or flat. Our expectation has been confirmed. And this is why we use Elliott. It is the only system known to us that is truly predictive of the market. Other system, in our opinion, are practical gambles situationally. This is not to mention that combinations involving Elliott, like the ones we...
Signals Position: Short Target Price : $58 Entry Price: $64 Stop loss: $66 Indicators RSI is above 70 STOCH is above 80 and the indicator has negative, meaning is could have already reached the peak MACD is only slightly above the signal line The stock price is in the upper band of the Keltner Channel Analysis The stock is in an uptrend, made of...
General Motors Company ( NYSE:GM ) Sector: Consumer Durables (Motor Vehicles) Current Price: $63.40 Breakout price trigger: $64.00 Buy Zone (Top/Bottom Range): $62.75-$60.00 Price Target: $74.00-$76.00 (1st) Estimated Duration to Target: 47-50d (1st) Contract of Interest: $GM 1/21/22 70c Trade price as of publish date: $2.03/contract
Potential weekly breakout here... Interested to see how we look towards the end of the week.
Looks like we have a bit more consolidation to do inside of the wedge... Only a matter of time before we see a nice breakout.
Script Name : General motors CMP : 57 Resistance : 59 Correction : In daily Time Frame Target : 95 after breakout Description : Stock breaking out from Daily time frame Correction, can be long above 59 for target 95 with SL 49
SNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS. ENTRY PRICE BLACK COLOR TARGETS GREEN COLOR STOP LOSS RED COLOR DO NOT USE THIS...
*rising rates environment will smash the Dogefathers Ponzi Pogs. Forward P/E is a NOGO from now on. *valuation & PROFITS NOW matter most. I'd enter with a 50% stack. DCA if need be. I doubt you get a chance at anything meaningful. The chip play for EVs and others. #checkmate STORYTELLERS #investingnfts Go Small Cap Gems!
Money Makers! GM has found support after the massive correction. There was a huge recall on their cars along with a few other things that fueled this sell-off. This is a resilient company and it can continue to grow. Right now it is trying to bounce off support which can be a great place to go long with a tight stop-loss. If these level fail i can see a retest of...
General Electric was once a massive power producer. Back in 2017, turbine manufacturing was the company's biggest business. Then it all went downhill. A turbine design defect (now fixed) forced potential power producers to put their purchase plans on hold. And then clean natural gas power began to lose its popularity as alternatives to solar power became more...
Tesla's stock has demonstrated an extremely positive share price performance throughout the last two and a half months. The stock bottomed at around the $550 mark back in May, as the strong support there managed to stop the volatile stock price decline. The company was under severe pressure at the time following their sub-par Q1 earnings announcements, where it...
Since the beginning of the year General Motors has started doing healthy bullish things on its chart. We have another uptrend that is in play, and if the trend holds we can look for a retest of the $60.30 resistance level. A break and hold above that level could send us 15% to the upside to the top of the channel. ***Also, please be aware that the current market...
GM did gap up (at the open) towards resistance when U.S. market opened on 9th July 2021. Today it held just below resistance and did not retrace its gap. RSI and Stochastics reversed to the bullish side. MACD is neutral. ADX is very low which suggests weak trend or no trend in GM. At the same time price retracement failed to occur. If retracement fails to occur in...
The old&good stock continues to be stable for the long term and marks a target for the third quarter of the year. Trade safe NYSE:GM
Well, for the next week anyway. ABC zigzags are underway. Fibonacci goals are in green, and invalidation is in red. We know of no more powerful tool in analyzing the markets other than NeoWave / Elliott Wave theory when correctly combined with a few tools in out belt. Make sure to remember that this is not financial advice, and we never give financial advice on...