timwest
Long

General Motors -GM - Daily - The magic 85% of book value buy sig

NYSE:GM   GENERAL MTRS CO
525 15 6
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.
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
Top notch observation!
Reply
U nailed a short with that neckline
Reply
Still down 3% so far from that top.
Reply
I'm close to buying here. If GM goes down, then my short positions will more than make up for it.
Reply
HexVex timwest
??
Reply
Here's a picture of this trade...
snapshot

+2 Reply
2use timwest
Not sure if i got you correctly. You got short positions before long ones on GM?
Reply
My other short positions in other stocks - Sorry I wasn't clear. WFC, SPY... etc....
Reply
Updated chart - close to a buy -
snapshot
+2 Reply
GM - working GREAT.
Reply
2use timwest
Took it a whole to clear 32.
Reply
I am happy with it - If I can make $1 a month on GM then I'll make 36% return a year. Boring profits. Zero pressure. Love it.
+3 Reply
2use timwest
I added the position when i saw your long chart support my long thesis - so we're both hoping for that dollar :)
Reply
I never thought about looking for the lurking fundamentals buyers on a price chart.
+2 Reply
timwest PRO QuantitativeExhaustion
GM is really rocking now - A very strong return from this entry. Now I think Volkswagen looks like a more interesting buy (VLKAY).
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out