A fake out local ATH break to grab liquidity with the trend potentially continuing lower. There is a chance we can bounce and head higher but it's important to be aware of the potential downside.
1M Chart, General Motors Company (GM) , on January, 2022, the signals on MACD pierced down from above the histogram and have been diving since, on February 2023 the signals are about to pierce up from below the histogram; The RSI signal bounced on June 2022 at 35, steadily moving towards 50; The price has been steadily moving up after bouncing on $30already...
The PEAD projected a bullish outlook for $GM after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 60%.
NYSE:GM
Just how I am looking at GM currently
could we see a breakout with a bullish CPI print? or will we break back to the downside of this range
only more data will tell!
Till then i am leaning towards the downside slightly just cause of the levels
A good opportunity to long position and get a good profit from the attractive American stock market
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According to my risk and capital management system, the risk of each trade is one percent per position.
What do you think about this analysis and other...
A good opportunity to long position and get a good profit from the attractive American stock market
Stay with me to get more analysis after following me by sharing with friends and leaving a comment.
According to my risk and capital management system, the risk of each trade is one percent per position.
What do you think about this analysis and other...
On the chart, we can see the price broke key level that was acting as a support. Now we are expecting that this level to act as a resistance. Therefore we recommend to enter short position. We recommend to place the stop loss above the resistance.
Target : 31,30
MACD looks bearish which is our confirmation for this short position.
Good luck
Heritage brands are making a comeback, as if they ever really went away. General Motors makes Buicks, Cadillacs, Chevrolets, GMCs as well as vehicles under the Holden, Baojun, and Wuling brands. Known for being reliable, they are a go-to for automotive-dependent businesses such as daily rental car companies, commercial fleet customers, leasing companies, and...
It seems that before you trade a stock, there is a process for stock selection and a bit of research that needs to happen. It looks as if a person cannot pick any random stock he or she likes.
Anyway, GM seems to have some momentum going on. I see what seems to be a head-and-shoulder pattern. I never used it, but it looks interesting, and that one appears to be...
I saw speed fans and also saw a gann square back then. So I fitted it. It bounced off the golden lines nicely. And respected the fans and rings almost perfectly at times. I made this in like March-may
General Motors has moved sideways for months, and now traders may look for the automaker to test support.
The key pattern on today’s chart is the channel between roughly $31 and $42. GM hit the top of the channel in September and tested the low in mid-October. Prices peaked near that resistance again last month, but remain about $5 above the bottom. That may...
Hello dear Traders,
Here is my idea for #GM
Price closed below yellow line (previous month low)
Targets marked in the chart (green lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
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$41.48 to $42.36 were two recent noteable highs since September. Price rejected the $41.50 area twice in November. Daily is oversold so we still need to be a bit careful here for the type of range trade we are looking for. Might wait til the fed decision and cpi reports pass next week to get a second look.
Hard to imagine buying an auto stock at a time of rising recession fears, higher (and likely even higher) interest rates, and growing geopolitical tensions. But many analysts believe GM's push into the EV space with a focus on vertically integrating the battery and precious metal feedstocks required to power these vehicles will put them in the sweet spot ahead of...
Wyckoff accumulation about to be completed. The last leg should be 1 big fast drop down to maybe $35 as a start by the 9'th or 16'th in Dec and then some more accumulation around that area before there's a final drop to $33 ish by EOM Dec.
That's all.
The PEAD projected a Bullish outlook for $GM after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
I like the setup in $GM, which I think can move fast here if EV names gain traction. I'm already long $F from lower in my long term account, but want to add a short/mid term position in $GM here.
Valuation is not as interesting and I don't particularly love Mary Barra's execution or her being prone to corrupt political shenanigans with Unions and Biden backing...
