General Motors continues its sideways price action. Its neutral trend is highly supported by low ADX value. However, the current level of importance sits between 56.97 USD and 57.05 USD per share. Move above this price level suggest bullish short term outlook and potential for price to move back above 60 USD per share. Disclaimer: This analysis is not intended to...
Full Explanation in Chart! What do you think? Agree, Disagree, Follow, Like! Not Advice.
GM meets all of our criteria and has generated a buy signal. The 'press the button now' signal is then on the next green daily candle close, which has occurred. Add it to your watchlist, or get long.
$NIO broke out our triangle confirming a BULLISH regersal trend. If you want in.... I suggest to buy in before earnings May 1st. We can see some crazy prices/run up into the newest delivery numbers set to be announced. I am bullish on this trade set up, a price trend over $40 can easily confirm a solid run to $50+. Keep $NIO stock on your watchlist this week and the next 🚀
Please let me know your opinion, and give feedback as I'm still learning.
I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to continue this. Stay tuned great live stream and quality...
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.
Possible shorting opportunity. Wait for confirmation before entry.
What do you think? We are in a bubble anyway.... If I stay loyal to TA that W pattern looks ready to drop soon to test previous support. Like, Follow, Agree, Disagree!
Great bullish crosses across the board that should indicate more upside and a daily breakout really soon.
$GM Nice move today as planned! Broke through the 55.29 level and rejected where expected. A bounce off .236/.382 here is what i'm looking for before a wave 5 breakout!
Looking at the falling wedge break and key resistance area breaks for a move past $57.
Bought NYSE:GM on a 50% retracement level and spike on the morning open
Ascending triangle and TK recross gives us a great entry opportunity with a stopp loss below the triangle at cloud level