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
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...
$34 key level after Fridays move up over 200EMA and high volume with price finishing near highs. Although ex-div today a $35 bought call may be interesting on a break of 34
The chart shows gm price (higher low) at a resistance level. Also, it explains a scenario of price taking out the current low, and where a level to watch to indicate if the sellers interest is now longer as strong.
The MAGIC 85% of BOOK VALUE LEVEL Has NAILED the bottom the last 3 times. Do you think fundamentals matter? Yes they do. Tim 10/23/2014 I published this yesterday morning but somehow it didn't publish. So, I understand if you feel that this is "late". GM is over $32 pre-market this morning on earnings release.
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. ...
I will look fro swing possibility under 32.80 based on daily triangle and enough room for move to $30 area what will be target area. Also for today I have MGM as short and PII long and charts can see on site (FREE)
The weekly chart says nothing The daily though has a very bullish pattern, double bottom with divergences on all oscillators, at a very important support area. Secondly, the Weis Wave has a bullish pattern too. I'll explain using the numbered wave labeled on the indicator. 1 - normal selling volume, higher than previous buying waves, but no real progress made. 2...
GM sitting on an important trendline.
Probably yes, but the chart still warns a possible leg down from here which may be even an opportunity to buy. When it comes trading, its all about your time horizon or time-frame for the trade. If u want to quick in/out trades you just need to have set of indicators, u will have a good chance to win most of the time. Here, the recall had strong effects on the...
How to Trade - Steps #1 through #4 ---------------- #1 - Calculate the Trend - Up or down #2 - Wait until a low-risk time to enter #3 - Calculate how much to trade (fix your % risk to the distance to the stop loss order) #4 - Know when you need to exit (3 average true ranges, 3rd range upon entry, CCI readings +100/-100) GM is in a long position using this handy...
.... I know the saying is "...to earn it." Courtesy of EF Hutton's famous 1980's tv commercials. But in some ways this is EARNING the money because in order to make this profit you need to become the insurance company. Being an insurance risk manager is a full time job and this trade may seem boring, but it does involve some risk. The key here is that you...
I'm not going to take this trade, as I am allready short the Nasdaq, CME and long Gold, and I think it's enough. The correlation between the overall market and the GM Company alternates. It switches from long periods of correlation to long periods where they move in different directions over the weekly charts but swing together on the daily chart. Last months...