NYSE:GM - Beautiful bounce off of daily demand and now gaining traction as well as lower channel bounce (confluences) - A break and hold above 37.00 can test 37.76 resistance then psych level at 38.00. Above 38, you're opening doors for more upside with a final target at 40.00 Contract Suggestions which covers earnings run up as well: GM 4/28 36 CALL GM 4/28 37 CALL
MID-TERM: Demand line and historical support level lined up with HBD. (not financial advice)
Based on previous resistance I am potentially seeing a short position happening at $33 or close. For confirmation we will wait for tomorrow 3/24 for final confirmation.
$GM Short Put Trade. 32 days till expiration. -1 $32 Put 4/21 Approx. credit $100. Collateral $3,200. BE = $3,100.
GM RSI hit oversold on the daily and MFI is moving up. No idea if it goes straight up like Jan or double bottoms like Oct, Fed meeting next week. Seems to me like the futures algos are on a melt up, there's some serious money pumping into the market on these morning gaps down. The worst of the news is probably over except the Fed next Wed. This whole year has...
The target is D. Possible stop under C. It is important to wait for EL level to clear possible resistance. Good to be on look out for a reversal if/when price reaches D. This is a measured move that occurs over and over again in the markets. No recommendation. T2 if Targets 1 are surpassed are 54.5 to 59
Big move after earnings was capped by Vscore resistance. Pros: Vscore is at support. 200 propulsion. Volume profile levels. Darvas 3.0. Cons: RAF @ 50%. XLY sector is below 200prop dots. GM price dipped below 200 prop, but found support. Entry - $39.35 Profit - Darvas Level - $40.50 25% Stop Loss 21APR23 39 Calls
General Motors Company - 30d expiry - We look to Buy at 33.34 (stop at 31.54) The trend of higher lows is located at 33.30. Short term momentum is bearish. Prices expected to stall near trend line support. Expect trading to remain mixed and volatile. Preferred trade is to buy on dips. Our profit targets will be 37.84 and 38.84 Resistance: 40.00 / 41.50 /...
Buy idea on GM because we have the breakout with force the vwap and the resistance line.Thanks!
Just so you guys know why I'm feeling bearish, I was watching GM all day after bailing on my calls yesterday. Appears GM is in range bound trading. So basically my GM oscillator is at the top and needs to cycle down to the bottom at which point I'll turn bullish again. Probably coincides with SPX/NDX getting oversold on the daily. Wish I had bought puts this...
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...
We are keeping short in the markets for now and discussing VIX options.
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 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...
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