VaughanAdams
Long

GM daily analysis

NYSE:GM   GENERAL MOTORS CO
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GM currently stopped on the major 200 day moving average. The overall long term trend is up. Having a choppy climb from $19 since 2012 I think this is safe long play.

Buying once couple days of strength in bulls direction shown.

Selling if break and close for 2,3 days below that 200 ma

Weekly at mega support of $40ish. Breaking that would be a strong bear signal in which id go short.

Target of $43 - $45, resistance at $45.

Time frame 2 weeks

Happy trading :)

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