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Eliarich
Nov 5, 2020 2:26 PM

GM earnings Beat estimates 

General Motors CompanyNYSE

Description

General Motors posted stronger-than-expected earnings in the third quarter, there is a positive reversal on RSI ( Vertical doted lines) indicating that stock might reach 38.29$ as primary target(pre market (36.6$)) coinciding with resistance level ( red horizontal line).
On another note, the recent trend is up ( black doted line), and a lot of news are circulating about heavy investments made in electric vehicles development. No position yet but keeping an eye for that 38.29$ level ...
Things could change drastically for the battered US cars manufacturer.

Trade active

Buy at market price minimum target 45$, don't risk more than 2% of capital

Trade closed: target reached

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