General Motors Vs Ford:In the different cycles, it can be seen in each average of 15 days as GM has force against F; Considering that in the coming days F will weaken more and more beginning a downward trend compared to GM with an upward trend.
The different gains of GM in the long positions of the data of indicated ranges can be appreciated, predominating bullish tendency; The most relevant was a 17-day period with a growth of 10.68%. It looks like every 10 bars of F, GM keeps its trend.
While F did not break resistance as can be seen in the Flat Top Bottom blue; Although it was forming an angle the last quote did not break the resistance this means that the force that took F in these months is produced by a high fluctuation as indicated in the blue Sine Line, within the cycles of 10 bars there is too much fluctuation Between -8% and -14% used as reference the first cycle of 10 bars and comparing with GM. Therefore the impulse that it grasped between the month of November and the month of December as indicated in Elliot Impulse Wave in the last point 1 of the red line; A well defined precipitous precipitate is formed; Which means that a new resistance and a new support will be formed.
It would be advisable to have a short position in F and long in GM, taking into account that the political decisions have influenced favorably to GM and that they repurchased their actions. Apparently in the coming months GM will mark the step of the downward trend of F.
The different gains of GM in the long positions of the data of indicated ranges can be appreciated, predominating bullish tendency; The most relevant was a 17-day period with a growth of 10.68%. It looks like every 10 bars of F, GM keeps its trend.
While F did not break resistance as can be seen in the Flat Top Bottom blue; Although it was forming an angle the last quote did not break the resistance this means that the force that took F in these months is produced by a high fluctuation as indicated in the blue Sine Line, within the cycles of 10 bars there is too much fluctuation Between -8% and -14% used as reference the first cycle of 10 bars and comparing with GM. Therefore the impulse that it grasped between the month of November and the month of December as indicated in Elliot Impulse Wave in the last point 1 of the red line; A well defined precipitous precipitate is formed; Which means that a new resistance and a new support will be formed.
It would be advisable to have a short position in F and long in GM, taking into account that the political decisions have influenced favorably to GM and that they repurchased their actions. Apparently in the coming months GM will mark the step of the downward trend of F.