GM General Motors is currently well oversold and is over extended below the near and long term moving averages. The 200 day SMA is around $40. If we rebound it gives possible targets of $38 - $39.50 based on previous structure. Also there's a double gap on the chart at 39.50.
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. I just published an idea regarding General Motors which covers a slightly different angle of the same idea I'll publish here. I won't go into as much detail with this one. This one is in line format and the other one is in candlestick...
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. I recently published an idea stating I was bullish on General Motors because I saw a rolling pattern. If, after earnings, it continued up I would buy a bullish play. It did, kind of, and I bought a Call option on Friday as I saw the...
I believe that General Motors is a strong buy right here. It is in a flag formation and has retraced to the 0.618 Fib level off its most recent move. It has also closed its gap up which was made on the past bullish run. These are all signals pointing to a great GM buying opportunity! With earnings tomorrow it may be smart to hold out until seeing their results,...
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional stock trader. I believe General Motors is in a rolling/consolidation pattern, at least for the short term. I have two possible support lines drawn. The bottom support line is drawn off the Gap from September 25, 2017 (it's possible to draw a third...
Not the greatest setup but trying it, all higher time frame trends are up, great imbalance on the D1 chart, worth a shot I believe.
Triggered long on nice looking WK Demand. The Bearish moves on MN and 3M make me a bit hesitant but over the last couple of months and WK demand area with a great imbalance has held, worth a shot here in my opinion!
Hi guys. Here's another high volume stock that came to my humble attention. I don't know what their CEO ate for breakfast today but the chart looks good. Long term investable in my modest opinion. Thank you and have a nice day.
Will take small position and add if get some pullback this week. Could use close < short term uptrend line or below resistance/support line as stop. Process your way.
Will be looking at the January $48 calls , entry around .40x.45 . Investor day 11/30.
The whole stock market is in the rally mode again, inside bar is one of the most effective tool to take part in such market. MU, as a cyclical stock most of the time, also made an all time high on Wednesday. The other unbelievable low P/E stock GM also starts a rally, and I think if there are still continuation for this rally, a simple P/E correction to 10-12...
Viewing the chart above, the vertical line represents the day Hurricane Harvey hit. These stocks; which fall in the automotive, home and oil industries; saw a substantial increase over the next month and all but oil is still seeing an increase. Ford, GM, LPX and Alon. I have been mentioning and trading the first three, Alon (ALDW) is a new one for me. ALDW...
When cars and homes were destroyed, those industries got a boost. LPX makes wood-panel sidings for homes and saw a 15% increase. Auto makers like GM saw a large increase as well this past month. Is it coming to an end for GM? Can it go higher? Is a good entry in sight? I believe so. The trend angle increased, representing strength, and the price action in terms...
Looking for a bull move into 160€+ This double bottom is looking promising and its worth a long position. I am buying a dip around 136/135€ around the 200 DMA with a stop below 130€ targeting 160€+. Blessings to you all.
$F might have bottomed here a couple days ago. I am long, together with $GM and $TSLA, aiming to capture a move back to the top, and maybe beyond... Valuation is attractive, with an earnings yield (TTM) of 13%+, definitely a steal! Good luck, Ivan Labrie.
GM has been pulled back from 38. It is time to long GM. Setup the position by selling short of the Jun 32 Put. Position: Short June 32 Put Credit received: 0.62 Target: 50% of the premium (0.32).
I like $GM here for a bottom against the yearly mode support. It also coincides with a strong support from the uptrend off the 2015 low, which makes me think it won't go any lower than this, despite possibly ranging sideways for a while longer before shooting up with force. In the long term, $GM's valuation down here will let you sleep well at night, while...