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General Motors Company Shs Cert Deposito Arg Repr 0.166666667 ShGeneral Motors Company Shs Cert Deposito Arg Repr 0.166666667 ShGeneral Motors Company Shs Cert Deposito Arg Repr 0.166666667 Sh

General Motors Company Shs Cert Deposito Arg Repr 0.166666667 Sh

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GM ready to go?Contrary to the market performance, GM has not done so good so far. It has consolidated over 4 month lagging the market. Now though, the picture seems to be changing a bit. Recently, GM has pierced through the rock solid $38 level, and seems comfortable, with no signs of reversal. Using the PivotBreak and the SmartPoint indicators shows us a bullish formation that could lead eventually to a real breakout. We are still bullish above the 39.20 level, indicated by the yellow pivot line, an indication supported by the positive channel in between the smartPoints bands.
NYSE:GMLong
by ProTrading.Signals
General Motors looks promisingPrice Target: $38 Ascending triangle pattern(bullish). The trendline has been tested various times and has not been broken. Right now the price just bounced of a fib line and I expect to keep its upwards momentum. The MA's and the MACD do not give very bullish signals but I believe this will correct itself in a couple of days. The Parabolic SAR gives a buy signal. I expect the stock to break the ascending triangle's resistance level in the next couple of days but if it doesn't it will at least reach the resistance line. The line is around $37.50 which is also a good price target. The reason I have my price target at $38 is because of the fib line and that is the level where the stock has peaked already a couple of times. ** Today i'll post an article where I delve in more in the stock. fonzotrader.com
NYSE:GMLong
by trenchcapital
This chart looks promisingSolid uptrend and trendline. The stock gaped up today probably because today there was a huge bullish sentiment. Most of the stocks went up. Probably by tomorrow this will correct itself and the stock price will return to its trendline and continue the uptrend. Since September the volume has been rising constantly. My entry point is at the small circle and my price target at around $37. It would take more thank three weeks for the stock to reach this price. The stock continues to have higher highs and higher lows. This is a solid company and I see a great future to it.
NYSE:GMLong
by trenchcapital
GM Forecast for 10% rallyThe decline in GM shares from the peak in Feb over $27.50 to its low in July under $19 is over and the stock has found a base valuation at the $19.50-$20.00 level. I note the resistance at the $22 to $23 level and that is why I would expect to see several sharp reactions from that price level before surmounting that price. Note the downtrend channel has been violated. Note that volume disappeared when the stock fell to a new low. Note the resistance zone overhead which will create supply from "break-even" sellers at that level. Note that this can be a great trading stock for the next 5-6 weeks. Note support in the double-blue boxes underneath the current price. Fundamentally, GM is cheap relative to sales, earnings, cash flow, and the clear negative is weakness in Europe and the US Gov't's ownership position in GM shares. Keep in mind that basing happened first in Crude Oil and then Oil Service stocks and now that crude oil has rallied a bit, it may put a slight headwind on the overall market for the next 3-6 months. Search for "OIH Base" here at Tradingview. Cheers. Tim West 1:50PM EST, August 15, 2012
NYSE:GMLong
by timwest
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