New outlook that corresponds with what analyst are predicting
The "make or break" trendline for GM is around 36. That will determine if GM begins it's own private bear market.
Great action on GM. I love the upward momentum with high volume. The price that "sits" firmly on the yellow SmartPoint band is also a sign of strong support. Now I would prefer the stock to consolidate a little and form a firm base. Then a resume of the rally will have more sustainability.
The end of cheap financing will spell trouble for GM.
very bullish overall on $GM they have been running for almost 2 year and has finally reached its previous top..but this time its different as the fundamental story works as a great catalyst for a move to the upside! (if you don't know what the catalyst is google it)
GM and BIDU have surprisingly the same looking chart, which leads to the conclusion that the same analysis applies here. Accumulating buying power that waits to be unleashed. Overall it's a bullish looking charts unless prices start to drift below the SmartPoints middle band and through the near PivotBreak purple line.
Contrary to the market performance, GM has not done so good so far. It has consolidated over 4 month lagging the market. Now though, the picture seems to be changing a bit. Recently, GM has pierced through the rock solid $38 level, and seems comfortable, with no signs of reversal. Using the PivotBreak and the SmartPoint indicators shows us a bullish formation...
Price Target: $38 Ascending triangle pattern(bullish). The trendline has been tested various times and has not been broken. Right now the price just bounced of a fib line and I expect to keep its upwards momentum. The MA's and the MACD do not give very bullish signals but I believe this will correct itself in a couple of days. The Parabolic SAR gives a buy...
The multiple bearish divergence on price momentum and volume warns of a reversal
Solid uptrend and trendline. The stock gaped up today probably because today there was a huge bullish sentiment. Most of the stocks went up. Probably by tomorrow this will correct itself and the stock price will return to its trendline and continue the uptrend. Since September the volume has been rising constantly. My entry point is at the small circle and my...
Short around $36.60. The intermediate term target would be around $32. Stop zone few points above $37 on volume. This trade would be low risk high reward if successful. Looks as if a lower high is forming around this level but I dont have that much conviction as the market held up again. If the stop triggers GM can retest highs even maybe $40?
GM surge in sales has been largely due to cheap financing.
Overbought Stochastics on the 15, 60, daily and weekly timeframes. Looking for a pullback to the 20 day moving average. Short Entry 24.50 to 25. Target 23 Note: If the futures are up Monday morning I will look for a entry into short above 25. If the futures are weak Monday morning I will enter short premarket.