Has GM ran out of steam a little bit at a critical point? Both the Fibonacci retracement (from the Feb - March crash) and the Fibonacci expansion run in June have a confirmed level almost on top of each other at $27.65 & $27.66, GM was able to break through but then got rejected at an expected $29 level as this is makes up a resistance triangle from February to...
Just hold before any action of buying/selling General Motors Analysis - General Motors stock forecast today's analysis - 19/05/2020 - GM Stock
Good afternoon Traders, Today we made a few weekly GE plays playing the continuation. Plays Made: - $6.5 Call 5/22 and 5/29 Looking to grab much longer-term contracts ASAP. Potential Plays: - 6 Month Play | GE $10 Call 9/18 @ $10 Per Contract - [Far out the money ] 6 Month Play | GE $19 CALL 11/20 @ $3 Per Contract Do not trade this, not financial...
Lets Pretend for a second. we are gonna merge the two largest wealth generators in the world together. the Foreign Exchange and The Stock Exchange. The executive Branch has been putting pressure on the Federal Reserave for quite some time to throw in negative interest rates. This will weaken the dollar, as to currency traders such as myself, this signifies a...
NYSE:GM Technical Analysis: The market is in a trendless stage after a bearish trend. There might be a kind of Nonfailure Swing Pattern (Reversal Pattern) before the sideways trend. It might mean that the trend was ready to change direction. It could be seen as a bullish signal. Hold for now and wait the right signal to buy for a long and short term...
Based on Fundamental and Technical Analysis, it seems that the market will go upward. Just wait the right signal to buy. Hopefully the prices will break the top resistance line.
NYSE:GM It might jump up, just wait for the right signal. Perhaps high volumes. Stochastic is in oversold.(it does not say really a lot - it can keep being in oversold) Based on the slope of the downtrend (retracement - too fast compared to the previous rally), I would be tented to follow Technical Analysis. Fundamental News: GM will report results for the...
DM projection sends us to monthly roof Camarilla R4 level. Right now we are at the monthly pivot (coincides with R1) as you see. If setup fails we will end up at monthly S3. It should not. Things make sense here. Gaps work the best. This is no financial advise.
Dates in the future with the highest probability for price direction reversals
General Motors with Fibonacci Retracement: .618 - $36.50 .5 - $36.66 .382 - $36.82 MACD Shown
Keeping an eye on this guy for a small breakout in the coming days. RSI swinging up, 50Ma curving nicely also
General Motors - Developing a triangle pattern
$GM reached and is being rejected by the strong rounded number resistance $40 which is aligned with the triangle top. Look for the downside reversal from here.
Trump tweeted today “Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland. Nothing being closed in Mexico & China. The U.S. saved General Motors, and this is the THANKS we get! We are now looking at cutting all @GM subsidies, including....” Nit good for GM