GM bullish - 20-month falling trendline break points higherGM extends bullish momentum following better-than-expected auto sales report for November.
Trade ideas
GM: Might retrace hereGM, 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: Great breakout opportunityGo long GM if we break out above last week's high here. Stop should be under last Friday's low.
Valuation is excellent for buys in GM, since they are currently extremely profitable and with great yield at these levels.
We can expect a nice rally to 33-35 without much problem.
Good luck!
Ivan Labrie.
GM Hold30 day Weighted Moving average is showing relatively no movement. Wait for movement before before buying or selling.
Short book: GM broke below earnings support, to follow F soonToday we added a couple shorts, I'm posting the trades we currently have open but not providing entry/stop suggestions. Only trade them if you have a trading strategy, or, ask me if you're interested in learning more about the one we use (Tim West's 'Key Hidden Levels' and 'Time at mode').
We have some worrying bearish signals, so it's a good idea to have a market neutral position, picking stocks to short, while still looking for longs in undervalued companies.
See related ideas for the rest of the trades we took. You may still be able to join them or wait for a secondary entry when/if we decide to add to them.
Good luck,
Ivan Labrie.
$GM Awaiting New Highs?? Here's a classic breakout situation. We have price channeling for the past few years. However we do have a highly anticipated earnings report coming out soon. Mayne this earning report can take this stock To new highs?
Why I am Long on GM:
- New Cruz Hatchback just came out which will take car/ hatch marketshare.
- Corvettes numbers are solid.
- Camaro new update and high end model will be a huge seller.
GM strong breakout, support & resistance tradeGM had a strong breakout, we are expecting a pullback to the support level around 31.8 and then open a long position aiming next resistance levels.
GM 18/8/16This area of resistance is a tough breach for GM. If it comes back to support around 30 USD then it could bounce again. Otherwise I´ll wait for a break above this zone.
Resistance GMThe idea is to go short on limit order. There is a long bearish setiment (red line), Price manderling between support and resistance a while. It would be also intersting wher the prise will go when suport or resistance will be brake. Short?
Triple Bottom vs. bearish Momentum!The long/midterm momentum is still bearish. These days we have reached a strong supportlevel @ 27$ which could be defended twice. And you know: All goods come in threes :-)
Trading below this Level will generate a new shortsignal with a possible TP @ 24$.
On the other hand, a anticyclical trade with a very good Chance/risk-Ratio (3.4) is a longposition with a very thin sl near below the supportzone. I am not a fried of countertrades, i avoid bucking the trend because normally he is my friend :_-)
If you like it -like it!
GM: Longer term setupWe have an interesting opportunity in GM. This is a more aggressive entry, but we'll protect the position by writing covered calls against the long trade. We shared this setup in the KHL chatroom today.
Good luck!
Check out my updated track record here: pastebin.com
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.57% on such information.
364 Days Sideways (5.25.2015)Maybe it's a good time to a short term "Iron condor"......................
Key Hidden Levels: Earnings price support indicatorI'd like to illustrate a few examples of the methodology I employ to trade equities.
With the aid of the 'Earnings price support' from the 'Key Hidden Levels' indicator pack, we can pinpoint not only where to buy or sell, but also, where the stock will gravitate to after starting a directional move.
We can anticipate wether we want to go long or short, based on fundamentals/valuation AND technicals combined.
Using RgMov we can validate our entries when retesting the earnings levels to discard potentially more dangerous trades. In my experience, win rate is really high, and in most cases we can trade them with a very tight stop loss too.
Just being aware of where the stocks reported earnings, and what price action did at the time, tells you most of what you need to know in an actionable manner, and this trading methodology and indicator will aid tremendously in making effective decisions.
We cover many setups of this type in Tim West's chatroom, and it's a big part of the way I trade equities.
Feel free to comment. Maybe you can stop by the chatroom, subscribe and help us spot these great trade opportunities, since we can't monitor absolutely ALL the securities out there.
Cheers,
Ivan Labrie.
GM General Motors pulling back to massive support Using the KEY LEVELS method, GM is a low-risk buy against the support created by the last earnings report.
I like to trade against these KEY LEVELS and enter AFTER earnings have been released and the stock revisits the KEY LEVEL. If you rally INTO the Key level then it is RESISTANCE. If it falls down TO the Key level then it is support.
Risk is 1 average range on the other side of the key level.
Upside is to the high of the rally prior to the retest of the Key level.
Target 32-32.50.
32.50 is also a level of LOW VOLUME which is "massive resistance".
Why didn't it trade any volume at 32.50? Because there was a huge seller there and it drove it down under that price. The first time back to it you will see a meaningful reaction.
Cheers.
Tim
11:32AM Friday April 8, 2016
GM 29.48 last, 28.50 stop, 32.50 target.
Shorting $GM todayWent short at 29.87 near market close, SL 30.55, based on BB, MACD, RSI, and mid term trend.
