Most of the indicators I follow suggest that GM-is about to surge higher.
The top lower indicator (AO) has issued an upside reversal signal, as well as the top middle indicator.
Shorter time horizon charts (one hour, two hour) are more bullish than this four hour chart.
On a daily chart, the full stochastic indicator (14,3,3) bottomed on February 9th (in fact, a double bottom).
If you follow sigma bands, GM-is minus three sigma.
In simple terms, this means it's probable will GM-will trade higher 99.73% of the time from this extreme lower sigma level.
The next resistance point is approximately $38.50.
Disclaimer: I have been long this stock since yesterday.
May all of your trades go well.
And, to the world - happy Valentine's Day.
Don.
The top lower indicator (AO) has issued an upside reversal signal, as well as the top middle indicator.
Shorter time horizon charts (one hour, two hour) are more bullish than this four hour chart.
On a daily chart, the full stochastic indicator (14,3,3) bottomed on February 9th (in fact, a double bottom).
If you follow sigma bands, GM-is minus three sigma.
In simple terms, this means it's probable will GM-will trade higher 99.73% of the time from this extreme lower sigma level.
The next resistance point is approximately $38.50.
Disclaimer: I have been long this stock since yesterday.
May all of your trades go well.
And, to the world - happy Valentine's Day.
Don.