MaryJane
Short

Triple Bottom vs. bearish Momentum!

NYSE:GM   GENERAL MTRS CO
221 0 39
The long/midterm momentum is still bearish . These days we have reached a strong supportlevel @ 27$ which could be defended twice. And you know: All goods come in threes :-)
Trading below this Level will generate a new shortsignal with a possible TP @ 24$.
On the other hand, a anticyclical trade with a very good Chance/risk-Ratio (3.4) is a longposition with a very thin sl near below the supportzone. I am not a fried of countertrades, i avoid bucking the trend because normally he is my friend :_-)

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Comment: reached 38,2
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Comment: nice
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Comment: nxt bo ahead?
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