GM is soaring back from USD 35 levels (close to USD 34,71 support level), supported by: Fundamental: -USA&Mexico trade deal, which will positively affect their exports/imports between USA and Mexico. -Possibility of including Canada in the trade deal. -Less tensions with China in terms of tariffs. Technical: -USA Index bullish momentum. -RSI...
Looking at $GM we see price being rejected at 44.00 with an engulfing candle(4H) & TweezerTop (1D), to then re-test the 44.00 price on 6/18 After the re-test, it's been a clean downtrend till the 37.00 price. Once it bounced off 37.00 it continued to trade sideways for 13 days before it broke down on 8/13. I expect the price to re-test 37.00 before it continues...
A bullish signal on GENERAL MOTORS (GM). After the breakout of the dotted line, the price has realised a Pullback. Target in the area $ 44.30, the stop loss at $ 34.90.
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional stock trader. I believe General Motors is in a rolling/consolidation pattern, at least for the short term. I have two possible support lines drawn. The bottom support line is drawn off the Gap from September 25, 2017 (it's possible to draw a third...
Big volumes are associated to long black candles. Expected weakness in the following days.
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
This is only a trading capability - no recommendation !!! While january`17 maybe i`ll confirm or change my opinion :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
GM, being a high beta stock, really moves, when it does and I think we could see a pullback here before more upside, so it's a good idea to either sell calls against your longs, or simply taking profits and waiting to reenter longs lower, against support. Good luck, Ivan Labrie.
$GM bull flag on weekly. Golden retracement to .618. Holding.