BuffaloBill

GM (Swing Trade)

Long
BATS:GM   General Motors Company
1103 views
Held major support line as well as Bollinger support, Daily and weekly stochastics oversold, Daily is coiled up tight which will give us that nice upside pop.

Taking Profits:
This is certainly a swing trade that will take a couple days to play out. Looking forward to 2-3 point move upward.

Comments

Agreed.
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I agree with your technical analysis and I would suggest the slow down in China contributed to the recent pull back.
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BuffaloBill Stevie_B
Thanks for the feedback!
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Followed.
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from march to august it has been falling slowly, does that mean the stock has higher chances of a rebound or lower chances. Thank you for the answer guys, i do like the way this chart is looking !
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BuffaloBill pieromelendez
Good observation, the reason it's falling has more to do with Fundamentals and that Investors are still scared because of the previous GM Bailout. If we look back, we can see it has proven to hold those support levels. As for your question, it's different for each stock really (no one stock is the same). Just put your stops under support, and ride it until your momentum oscillators become overbought and tell you to get out. Hope that helps - Cheers!
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Followed.
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Agreed.
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Followed.
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Longterm support is important level.
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