General Motors has been in the fast lane since the fourth quarter began. It’s now having its steepest pullback of the rally, offering momentum investors a potential opportunity. The first feature on GM’s chart is yesterday’s hammer candlestick. Sellers tried to push the shares below $41 but weren’t able to keep it there. Second, that $41 level is potentially...
After reaching an ATH just above 75, the price has since fallen back and consolidated after failing to reclaim the upward trend line. Long entry above 51.49 is a confluence above the.236 fib as well as the VPOC, more conservative entry is at reclaim of the trend line. This may also have a possible earnings run-up approaching late November.
M_M - Enters into multi - time frame resistance zone
strongest support for BMW as MA200, bottom of channel and 61.8% Fibonacci level XETR:BMW
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...
Let's enter longs here at market open. A good option is to go long stocks. A 19% account position would be a good starting point, you can build this position during 3-5 days. Or you can simply long calls at the money for 1 month to use up less margin. You can buy the equivalent of a 20% account position, for only 5% of the cost. I'd reccomend the 12.00 strike,...