NYSE:GM   GENERAL MOTORS COMPANY
GM             is an excellent company to own for the long term. That being said, outside of a core long term position in it (something like 10% is perfectly fine), we can also trade and profit from volatility , both on the long side (adding trades with trailing stops, and adding to winners) and on the short side (selling calls against our long term longs to profit from corrections).

In this case, after today's news, we see that the daily has flashed a 'Time at mode' uptrend signal with a target at 39.57 that has to be hit before January 31st. Since this uptrend's time duration expires just before earnings , it might be wise to reduce your exposure to GM             approaching the target, and date, or to at least hedge your downside to protect profits by selling calls. In the case of earnings sending prices way higher, this would ruin the upside, so, the alternative is to start trailing stops periodically (at least on your non-core-long term positions) to reduce risk.

Good luck!

Ivan Labrie.
Comment: Mode retest was a perfect opportunity to reenter longs or add. We should hit the target very soon.
Thanks for the update Ivan.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out