I'm going to short General Motors, my target price to exit is $20. Let me know in comments what do you think.
Looks like we are in a WXYXZ Wave. MacD and RSI overbought. I want to see if price can reach the Y phase. However, I only want to see price make it between $40-$41. Small move but testing out a theory here. Which is 38% - 61% towards the "y"
Transports (IYT) ETF is oversold and at support. Biggest holdings are UPS and UNP. Something to watch next week. GM is also almost oversold, might take a stab if MFI touches oversold next week. Double bottom maybe?
WATCHING $GM Key Levels, Analysis, & Targets Here’s another one that got to my entry target (actually it’s a little below) I am going to start to scale in tomorrow. I would love to see target’s 1,2 and 3 hit and if they do I’d be looking for a 30% swing. —— --- I am not your financial advisor. Watch my setups first before you jump in… My trade set ups...
The stock may now be trading in a downtrend. A downtrend occurs when a stock consistently makes a series of lower lows and lower highs on the chart. The lower lows indicate the bears are in control, while the intermittent lower highs indicate consolidation periods. Traders can use moving averages to help identify an uptrend with descending lower timeframe moving...
Double tops $GM on the weekly - Double tops on the weekly
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.
WATCHING $GM for entry at 46.03 GM is looking like it’s getting close to the entry (start position) target Could be a good swing setup… And for options, all 3 targets would be a great place to sell puts - Just chose dates wisely. Happy Valentine’s Day & GL —————— I am not your financial advisor, but I will happily answer questions and analyze to the best...
GM projection for 2022 after earnings possible restest of channel here is GM
Watching $GM for entry at 46.03 Alert set for 47 46.03 entry Add at 40 Double at 35.19 That’s the plan… —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I have a huge tolerance for volatility so please...
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...
See chart, looking at a double WXY correction into a double top imo
$GM Key Levels, Analysis & Targets Well Dang, target 1 hit and I guess I should have posted this yesterday when I was charting it… so Target 1 hit already LOL… Target 2 is on my radar… no position at this time… GL, y’all… —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but...
For third consecutive trading day there are huge demand at days lows and made great support for now. The stock price now has PT for first phase the red line of fibo resistance .. I bought it again at todays lows .. disclaimer
All eyes on the EV Space in 2022 and beyond Of these 4, LCID has had the best return since 2021 but it has been extremely volatile and hasn't made new highs F has quietly outperformed TSLA, GM, etc. I am currently long Ford and Tesla
Looks like a double top was confirmed here. I would love to see a W pattern form now for a better price. With the fear of the new COVID variant, potential rate hikes next year, and high CPI reports, some investors may be dropping this stock at the moment which is understandable to some degree. I can see how investors may fear that there may be less car sales next...
F compared to the etf CARZ which represents the overall auto industry has broken with strength a long downward trend in the performance of F in comparison to the industry and it has done so with gusto. I believe this trend in Ford's outperformance will continue. F-150 Lightning will be one of the number one selling EV's. Ford sold 780,000 F150's in 2020 alone...