General Motor remains in neutral trend. It currently trades within rectangle formation. Its ADX is very low, however, crossover in DMI points to possibility of new trend. Furthermore, RSI, MACD and Stochastics turned bullish over last month. We believe that GM has solid chance to pierce above resistance at 59.10 USD. If this resistance is taken out we expect more...
GM - Weekly Chart - RSI - Negative Divergence
Bullish flows all week pushed GM past ATH today with strong volume. For short term targets I have set the previous wave 4 as my fib lvl 0 and nearest previous high as 100. I'll be using the 1.618 as my first target. My second target is the 1.618 from the trend it broke out from. Any pullback from 60 should be bought until EMAs show otherwise.
Great bullish crosses across the board that should indicate more upside and a daily breakout really soon.
Looking at the falling wedge break and key resistance area breaks for a move past $57.
Ascending triangle and TK recross gives us a great entry opportunity with a stopp loss below the triangle at cloud level
just a simple TA for the week. Some breakout test and ATH test are to be monitored. Furthermore, another C&H pattern was formed in a 1D TF, in which a probable uptrend is expected.
Sunday, 31 January 2021 19:27 PM (WIB) President Joe Biden has ordered the federal government to buy electric vehicles made in America with union labor. To be sure, Biden’s executive order, issued Wednesday, is designed to spur investment in the nascent plug-in car market and didn’t come with a deadline. So there’s time for automakers to adjust. Two of them --...
Ford recently touched $12.15 which it hasn't seen since June 2018. I'm looking for a pull back in between $10.74 and $9.86. The gap up was closed at $10.88 and if F can break 12.15 from below we may see $15 by the end of the year.
General Motors ( GM ). High detail count back starting from March. There's a ton of confluence at the 3.618 extension on major and minor wave structures. The supply zone (red line) is a weekly resistance, so a break past that GM can push to ATH quickly
Until 3rd December there probably will be done the deal with the GM. Everyone is afraid now, because of law companies attacking the Nikola for misleading informations about the company. But everything looks like it still wants to go up after this massive bullish flag. Looks like MACD + RSI + MFI is trying to bounce off the support line. We will see!
Asking ourselves "what value could NKLA bring to the ER" the answer is probably nothing substantial. The expextaions are low, so if they have made any improvements over the last few months perhaps we could see a break past resistance, BUT i doubt that. We are up against a major resistance and the only thing I believe that could save it is a the announcement of...
losing the long time battle with the 350 MA still under the water line $36 not expecting it to make it there but possible short squeeze? 350 MA just may be the top for now
The Idea is to go long, but just wait the end of the price retracement.