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TomProTrader
Jun 10, 2015 12:06 PM

GM: Current Situation, Looking For Longs In Near Future 

General Motors CompanyNYSE

Description

Friends,

Looking for an entry to the upside, waiting for a downside pullback first before I commit any funds here. Looking for the pullback to come in at around 34.40's

I want to see a move down one more time, and to see some criteria filled to get me into this stock, these notes are found on the chart.

A lot of average traders would see the last couple days of buying and assume something is happening. Whilst it COULD potentially carry on upward, it's too risky for me, and I don't take risk like that on stocks, when I can easily find a better stock for today, and wait for this one to do something more reliable.

Tom
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