Bag holding candle appeared after a sweep which considered a sign of strength price reacted to the upside following the candle expect a rally towards 50$ then target the high.
NYSE:GM I have an alert set right on this flat base resistance line. Should it trigger I will go long with a stop just under the days low. See chart for more details.
Wolfe Research Upgrades General Motors to Outperform From Perform
Jan 4, 202408:27 EST
General Motors Company
GM has an average rating of outperform and price targets ranging from $27 to $95,...
General Motors (GM) stock increased by 10.7% on Wednesday after the company announced plans to increase shareholder returns. The automaker announced:
1. A $10 billion accelerated share buyback program
2. A 33% increase in its common stock dividend beginning in 2024
3. Reinstatement of its 2023 earnings guidance
4. The dividend will increase to $0.12 per...
General Motors (GM) stock increased by 10.7% on Wednesday after the company announced plans to increase shareholder returns. The automaker announced:
1. A $10 billion accelerated share buyback program
2. A 33% increase in its common stock dividend beginning in 2024
3. Reinstatement of its 2023 earnings guidance
4. The dividend will increase to $0.12 per...
General Motors (NYSE: GM) - shares powered higher Today after the carmaker updated its profit guidance following the United Autoworkers Union strike while unveiling plans to boost its quarterly dividend and buyback $10 billion in stock.
General Motors said the six-week UAW strike, which ended late last month, would clip around $1.1 billion from the group's...
Bullish opportunity on GM. This one might be a bit on the riskier side. However I like to enter before everyone else does. And that means identifying areas/levels. Mainly where stop orders get hunted.
Mid December expiry. Options.
A price action above 28.00 supports a bullish trend direction.
Increase long exposure for a break above 31.00.
The target price is set at 32.00 (just below its 38.2% Fibonacci retracement level).
The stop-loss is set at 28.00.
A breakaway gap seems to occur.
Remains below its 200-day simple moving average and is regarded as a counter-trend strategy.
If you haven`t bought GM ahead of the previous earnings:
Then analyzing the options chain of GM General Motors Company prior to the earnings report this week,
I would consider purchasing the 30usd strike price Calls with
an expiration date of 2023-12-15
for a premium of approximately $1.77.
If these options prove to be profitable prior to the earnings release, I...
New news came out today from the UAW saying that strikes may become more common in today's world at that new ones may occur without warning. This kind of news has the possibility of taking the stock down a lot further in the face of uncertainty I believe. We'll stay tuned to find out though, good luck traders.
www.reuters.com
I'm diving into a pairs trading strategy featuring two titans in the automotive industry: General Motors (GM) and Ford (F). Both companies are household names with a rich history in the automotive sector, but their financial metrics reveal key differences that present a trading opportunity. I'm contemplating going long on General Motors and short on Ford, aiming...
NYSE:GM is currently at a critical support zone, trading at the lower trendline of a consolidation channel and near a Fibonacci support level.
If GM breaks below $30, there's a potential for it to decline further to $26.
The outcome depends on UAW negotiations, which could lead to either a bounce from the current support or a breakdown to $26.
What will it be? 👀
Amid the UAW (United Auto Workers) strike, General Motors' shares reached a three-year low. The automotive giant's management is likely to eventually come to an agreement with the workers' demands.
It is interesting to note that in Q3 2023, General Motors and its dealers sold 21% more cars than in the same period last year, leading to a 19% year-over-year growth...
General Motors (GM) made a counteroffer to the United Auto Workers (UAW) to resolve a three-week strike. UAW President Shawn Fain plans an update on talks with Detroit's automakers. The strike, including Ford and Stellantis, began on Sept. 15. GM's counteroffer is its sixth, but "significant gaps remain." Negotiations with Ford show progress on pay increases....
hey guys whats up its amir
So General Motors, what exactly do we have here:
- Beautiful bearish flag just got broke down
- I want you to notice to the RMACD we had last week a bull trigger and got rejected and now were closing a bearish trigger, and exactly the same happened in the drop last time (vertical lines) its a sign that the bears are stronger than the...
GM Retesting $18 - Bearish Flag Formation;
Airbag Recall + Unsold inventories + UAW strikes and layoffs as cover up for failed pricing strategy. Major FAIL>>>
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
GM
About to blow.
After receiving those COVID bucks that propelled its stock into a nice uptrend, GM spent most of 2021 in a distribution stage, forming an M-top pattern. The price entered a downtrend in February '22 and finally found support in July '22.
The price entered a sideways range, initially resembling a rising wedge but later developing into a...
Here is a 3 bar play also known as a 1-2-3 pattern accompanied by a bull flag on the 5m that has already broken out. Will be looking to ride calls up to the dotted line level which is the last swing high. Simple but effective. If price is not able to hold above the green "Calls" level then the play will be invalidated.
General Motors Company (GM) has completed 3 days of trading above the 4H MA50 (blue trend-line), with the 4H RSI almost 60.00. The long-term pattern is a Triangle and the recent Double Bottom was within the Higher Lows Zone that is in place since July 05 2022. Every time the price broke above the 4H MA50 after a 4H RSI oversold bounce on Higher Lows, we had a low...
