We have a sizeable spread in $GM vs $XPDUSD currently, and price is trending up strongly in daily and weekly $XPDUSD.
If price breaks into new highs here it could be flashing a strong signal for auto stocks, so I wouldn't be shocked to see $GM gain steam from there onwards.
I'm currently long $GM with 10% allocation and no stop loss, but also no leverage. Looking forward to see the outcome of earnings.
Cheers,
Ivan Labrie.
If price breaks into new highs here it could be flashing a strong signal for auto stocks, so I wouldn't be shocked to see $GM gain steam from there onwards.
I'm currently long $GM with 10% allocation and no stop loss, but also no leverage. Looking forward to see the outcome of earnings.
Cheers,
Ivan Labrie.
Trade active:
$GM long in good profit, 0.4R so far.
I'm looking to add sub 31.87 ish.
$XPDUSD broke out into new highs, spread between the two instruments reached critical mass I believe.
$GM long in good profit, 0.4R so far.
I'm looking to add sub 31.87 ish.
$XPDUSD broke out into new highs, spread between the two instruments reached critical mass I believe.