GM is closing in on the descending weekly resistance trendline at about 37.50. Currently weekly is also facing a horizontal resistance which needs to be broken first to reach 37.50 zone. Breaking 37.50 will need a very big push and with volume to consider this breakout a real breakout. All in all even if GM turns bullish in short term I don't think it will have...
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.
BULLISH CYPHER -PATTERN COMPLETION ON GM TO GO SWING LONG...1 MONTH HOLD...
looking for a buy entry signal on the daily or 4-hr charts of GENERAL MOTORS as price seems to be stalling at an important level which has held well a few times in the past... adding to the above , based on pattern trading methodology, price has come to a completion of a bullish cypher pattern( IN BLUE)..at D..
Friends, Looking for an entry to the upside, waiting for a downside pullback first before I commit any funds here. Looking for the pullback to come in at around 34.40's I want to see a move down one more time, and to see some criteria filled to get me into this stock, these notes are found on the chart. A lot of average traders would see the last couple days of...
Friends, Looks like a safe time to look to buy GM for many reasons, as outlined on the chart. Liking the strong confluence, strong MA test, and the accumulation at the 200 which gives more clarity. Good luck trading, Tom
GM has suffered relative to the rest of the market, probably due to its US Government shareholder position. Look at the various positive points here: 1. Consistently profitable - note the 4th pane which shows after-tax profits margins 2. Revenues slowly growing. Not much growth, but not declines. 3. Turning up after a steep 31% correction into the 4Q of 2014...
Here is another way to look at trade ideas - relative to the S&P500. Ratio charts allow you to quickly see how one asset is performing relative to another and if you go "LONG GM" in this example, you are really choosing to own GM instead of the "Market". So, it is important to be good and make money on your ideas, but if you had made more money by just owning...
Today's weak market had me looking for shorts, and this is what i found so far: An 8 day run up has been broken at a key resistance level. 6 days before earnings - the price should be rather directional at this point - if the idea is wrong, then the exit will be quick, above the current swing high. Has been relatively weak since mid march, which is a good...
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
This may be a good time to open a partial position and add to it once confirmed. 3/14
Graphing fundamentals is extremely important for an investor. You can see important levels that matter to other fundamental investors. The reason for GM's recent strength may be simply from falling crude oil prices and still low interest rates along with generous financing available for automobiles. Given the sharp drop in crude oil, I think the best days...
Looking at the 1 year data, $38 is a huge resistance area. Breaking and staying above $38 would serve as a strong support, and would lead to mid-term bullishness, however, the volume is dropping. Otherwise, expect to see some consolidation just under $38 or possible bearish reversal. Stay tuned.
GM expected to open at 37.33 for a Retest Gap To learn to trade this strategy for free go to www.RealLifeTrading.com