this stock hit support line 4 times. every 1-2 months reached resistance line. Squeeze turned green and good volume
General Motors Company - 30d expiry - We look to Buy at 33.34 (stop at 31.54) The trend of higher lows is located at 33.30. Short term momentum is bearish. Prices expected to stall near trend line support. Expect trading to remain mixed and volatile. Preferred trade is to buy on dips. Our profit targets will be 37.84 and 38.84 Resistance: 40.00 / 41.50 /...
A good opportunity to long position and get a good profit from the attractive American stock market Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other...
On the chart, we can see the price broke key level that was acting as a support. Now we are expecting that this level to act as a resistance. Therefore we recommend to enter short position. We recommend to place the stop loss above the resistance. Target : 31,30 MACD looks bearish which is our confirmation for this short position. Good luck
I was thinking on my previous idea of a correction for the market and I went to the "cars" charts. The same here for this companies. a correction with the chance of a melt down for this sector. $SPY $F $GM
$41.48 to $42.36 were two recent noteable highs since September. Price rejected the $41.50 area twice in November. Daily is oversold so we still need to be a bit careful here for the type of range trade we are looking for. Might wait til the fed decision and cpi reports pass next week to get a second look.
I like the setup in $GM, which I think can move fast here if EV names gain traction. I'm already long $F from lower in my long term account, but want to add a short/mid term position in $GM here. Valuation is not as interesting and I don't particularly love Mary Barra's execution or her being prone to corrupt political shenanigans with Unions and Biden backing...
Ford had great earnings and revenue beats in July however inflation is eroding the purchasing power while Ford raised the price of its flagship EV, the Lightning by $8000+ and supply chain issues persist. The 2H Chart shows a head and shoulders pattern with price currently sitting at the trigger area at a time when the general markets...
FSR could follow TSLA in a current up trend, especially with general market support. Fundamentally, the recent earnings report was favorable. GM's report of plans for a competing vehicle in the low-cost electric Equinox could be fundamentally adverse. FSR is in a descending triangle with an overall price decrease of $2 so any breakout could yield an up trend...
This DAILY CHART shows the ratio of the TSLA price to the F price to generate signals to buy and sell Ford and Tesla by exchanging stock one for the other upon a signal. Eton Musk who is not a stupid or poor guy just the other day sold $6 TSLA stock at the local pivot high. He is an insider; others will follow his lead. S horting TSLA or buying near term put...
Last week (previous candle), we have located a potential market anomaly. A shooting star candle with above average buy volume. I feel like bulls that missed out or still attempting to squeeze juice from the July 11th rally may get some tough days ahead. Price could continue to rise a small bit. However, we are waiting on distribution which should take us to the...
Hello 🐋 Based on the chart after a long time, correction to the downside and range market we have new volume ✔️ if the price doesn't break the green trend line to the downside, we will see more gain 📖🚀 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
NYSE:F F is trending up while TSLA heads down US Legislation to support EV purchases with tax credits is helpful GM's financial troubles are helpful. Chart shows upgoing BB/EMA channels and mid-range RSI with recent K/D crossover. Both suggest a potential swing entry. Depend on unforeseen changes in the automotive market or the market at large and a...
We may be around an area where there is usually a good amount of sell volume. We are also on our third green wick'd candle within the last day. Of course we are overbought on the RSI and our current wave may be at its 161% threshold. I believe its a reverse abc pattern. Price is definitely at an important level where we should be able to see if price can push...
The prospect of a recession hints at hard times ahead for auto producers, including General Motor Company; over the past six months, this stock lost more than half of its value. Additionally, it continues to constitute new lows, confirming the presence of the downtrend. As a proxy to that, we are bearish on the title and expect worsening economic conditions to...
$GM Analysis, Key Levels, and Targets Dang… it’s so fun to look back at my old projections and watching them play out… I don’t always play them… Target 4 & 5 I have alerts on… Anything underneath that gap is a screaming buy… that’s also another 28% down…. Play what you see… What sectors do you guys see doing well in the next few years... I'm sorry I've...
GM printed a double bottom pattern on May 12 and Friday near the $34.58 level. On Monday, the stock was attempting to react bullishly to the formation but rejecting at the eight-day exponential moving average. GM has been trading in a consistent downtrend since May 4, when the stock topped out at $41.24. The downtrend is likely to continue unless GM is able to...
I'm going to short General Motors, my target price to exit is $20. Let me know in comments what do you think.