GM Affected by coronavirus?At around March of this year, General Motors has taken a fall which could be due to the Coronavirus.
GM trade ideas
GM Defense Awarded A $214.3M Contract To Produce The U.S. Army'sGM: General Motors Co.
2020-06-27 11:03:00
GM Defense Awarded A $214.3M Contract To Produce The U.S. Army's Infantry Squad Vehicle
General Motors Stock - GMBased on Technical Analysis, the best option is to hold and wait that the Support 24.00 USD:
1. It will be broken - go short
2. It will work as support (it will not be broken) - go long
Fundamental Analysis:
General Motors requests removal of judge and to vacate order from RICO lawsuit against Fiat Chrysler
GM ShortGM looking weak here on the 4hr chart.
Looks like we can expect a test over the coming day of the support at ~24.
If that support fails expect a bounce at the support zone of 22.50.
Best of luck.
GM: Don't bet against Pickemup Trucks!Cyclical stock, truck sales booming online with retail stores closed, lol. Buy em sight unseen, delivered to your door!
Downside at the gap from 22.68, could fill, would be a buy opp if it does. H&S pattern evident, stock had unsupportable runup, trades at fair value.
Either get a bounce from $25 headed back to $35, then $40 at cyclical highs, or 10% correction to fill gap then bull again IMO.
In the Aug $25 calls, short Jul 28s in $3 bull spread for under $2 premium. Keep shorting weeklies against the long contracts to pay for them.
Bought shares in a covered write as well.
Just an idea; not investing advice; trade at your own risk! GLTA!
$GM Reversal setting up in General Motors
Possible reversal setup.
Stock has found support on Fibonacci level
Rising trend-line.
50 Moving Average
Possible long above $26.00
Upside Target to $30.00
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GM UpdateYou guys know I play with this almost every week, lol.
Though ES and RTY went oversold today, NQ, FDAX, and HSI haven't gotten there yet, so possibility of one more gap down before a reversal. This pattern looks eerily similar to the initial COVID tank.
If the market finishes near the bottom today, I'll probably take a double or nothing one day bet with puts at EOD for $3 or 4k.
Usually I would play the bounce on a selloff like this but something tells me there might be follow through.
GM head and shoulders dumpingMy target is the 14-15 dollar range and I do expect it to hit that range within two weeks.
GM daily printing head and shoulders atop bear flagThe chart and title say it all. Bear flag sprouts head and shoulders on the daily chart. I look forward to shorting this one. The only question in my mind is whether we'll see any sort of bounce off of support or blow right through it. I'm not seeing why we can't have an 10-13 dollar GM stock at some point next month.
$GM$30 level could act as a resistance level if second wave fears come back, or factories close down due to infections within, earnings are going to be a big watch for this profit pumping company, investors are going to want to see cash liquidity. if price closes above 30$ it will show investor confidence within this company.
GENERAL MOTORS (GM) Important Breakout!
hey guys,
GM has just recently reached a key weekly/3 day/daily structure.
significance of the level is confirmed by the strong bearish reaction from the underlined level.
yesterday the price broke below a support line of a rising channel on 1H.
we have a 4H/1H candle close below that so the breakout is considered to be confirmed.
I believe that during the US session today the price may drop.
goals for sellers:
27.0
25.85
GM. DA AMERICAN BASE*press the play buttons on my other ideas, analysis has been spot on.
GM is a beauty right here to long. I am out of my long/call positions on tech stocks(I am short), too risky rn given they have approached inflection points.
It has approached the base level at 25.80 it will take the gaps up. A return to 28.6 is guaranteed.
Purchasing GM calls during June.May's monthly candle closed above April's high.
If price returns to April's high, then I will begin purchasing call options at the 24.50 strike with a July 2 expiration.
GM could be a very good opportunity for the investorsWith the market cap of 37 billion USD, this is one of the most under-valued companies according to analysts. It is also important to mention that the net income in 2019 was 6.7 billion USD while the net income in 2018 was 8.01 billion USD. GM reported recently that it will suspend its dividend and buybacks to preserve cash for investing in the business which is not bad news in this coronavirus environment. Another important information for potential investors is the fact that Berkshire Hathaway increased its position in GM by 37% in 2018 and by 4% in 2019. With 75 million shares, Berkshire Hathaway is General Motors' fifth-largest investor, holding more than 5% of the car company's shares outstanding.
When we take a look at the one-year chart, we can see that the price dropped from 42 USD to 15 USD and started to raise. On this chart, I marked resistance and support levels. Supports levels are 20 USD and 15 USD, 30 USD and 34 USD represent the resistance levels. If the price jumps above 30 USD it would be a "BUY" signal and we have the open way to 34 USD. Rising above 40 USD supports the continuation of the bullish trend overview efficiently for the upcoming period. If the price falls, every price in a range from 15 USD - 20 USD could be a very good opportunity to invest in General Motors.
General Motors Analysis - GMJust hold before any action of buying/selling
General Motors Analysis - General Motors stock forecast today's analysis - 19/05/2020 - GM Stock
GM Motors 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 very weak economic market in that country. what this also does is casue the central banks to charge customers such as JP Morgan, Bank of America, AKA Merrill Lynch, Wells Fargo to hold money in their reserves. Now we as investors and traders know that business DO NOT pay fees out of pocket, they pass it down to their customers... Us the normal people. So, now were getting charged to store money in their reserves. So, What do we do as consumers? well instead of losing money to something that will not benefit us we pull our money out and either purposefully spend it or accidently spend it. Either way it gets liquidated back into the economy. and what do the other banks do? Give out loans more freely. this is becasue a fee is a 100% guarenteed loss, however, if we loan out to a failing business we have XXX % chance of getting our money back. Now, 1.00 % chance is better than 0.00% chance.
So next, the first quater was rough for many companies but it was still better than what Q2 is going to be. Q2 has almost 2.5 months of no income revenue for many business as to where Q1 had two months of earning power, then the economic shut down. so when the earnings come out or the company publishes their 10Q Report Investors are going to sell.
All of that to say we have a Dirty Bullish Alternate Bat pattern on GM and the same is similar for Ford (F). 10Q comes out shares drop into the PRZ and we get a good bounce with the Q3 reports come out to show growth.
#RISKFREEORBUST
NYSE:GM
GM signaled and we have a price target of $23+ soonNYSE:GM
We had a signal recently and it's pretty strong. It looks like a $23+ target is best estimate here. This is a short term call
