This area of resistance is a tough breach for GM. If it comes back to support around 30 USD then it could bounce again. Otherwise I´ll wait for a break above this zone.
Fiat Chrysler to invest $1.5B at Sterling Heights plant www.detroitnews.com Buy Stocks on the Rumor, Sell on the News So looks like channel trading. Lean towards short side more but good options strategy would be great for this type of trade if you know how to trade in this channel choppy side movement trade.
We have an interesting opportunity in GM. This is a more aggressive entry, but we'll protect the position by writing covered calls against the long trade. We shared this setup in the KHL chatroom today. Good luck! Check out my updated track record here: pastebin.com If interested in my trading signals, or in personal tuition, contact me privately. I'm offering...
These are a few trades we shared at the KHL chatroom, I have shared the link in my previous posts. If you're interested in learning more about the methods used by Tim West, which I learned and apply in my own trading, contact me privately. I also offer a signals service, with more setups, for FX, equities, metals and oil for the most part. It's clear the market...
Positive news drives GM to this interesting area. There is resistance and two harmonic bearish patterns. See if the force of the bulls drives through this area and enter long (maybe after retest?) or enter short if harmonic patterns and resistance area holds.
GM expected to open at 35.97 for a Gap N Go. To learn to trade this strategy for free go to www.RealLifeTrading.com
GM expected to open at 37.33 for a Retest Gap To learn to trade this strategy for free go to www.RealLifeTrading.com
GM expected to open at 35.35 for a Retest Gap. To learn this strategy for free go to www.RealLifeTrading.com
Bullish momentum divergence on Mac-D signal lines, histogram, and RSI. It is coming off some support as well and we saw big volume come in to stabilize it on the 14th.
GM shares stopped falling in mid-October, bouncing off USD 30.50, a strong historical level. Attempts to break out of the falling band YTD were blocked at the USD 33.80 local resistance level. At this point, the band, within which GM tried to trade up, was breached to the downside. The stock has already retraced to the breakout boundary. Investors can short the...
10-1-14: With any broad market weakness, or perhaps just the lack of market strength, GM appears to likely break a trend line that has been important since Jul-2011. With the current wedge being formed the final price objective would be 21-22 range. The first initial drop may take GM to the 27-28 range where there has been support/resistance found in the past. ...
Friends, I ventured to read outside of my cozy Forex interest, and peeked into the US car industry and market. I was quite taken by the divergence between stock valuation and a growing sentiment of impeding collapse. Here is one interesting company that clearly blazes its own trail for the future of the car company. Question is: Can it do this without a...