GM breaking out of flag on weeklyGreat risk vs reward on this one. Lot of support below. Manage risk!
Key facts today
5,936.94
0.01BRL
50.58 BBRL
858.33 BBRL
About General Motors Company
Sector
Industry
CEO
Mary Teresa Barra
Website
Headquarters
Detroit
Employees (FY)
163 K
Founded
1908
ISIN
BRGMCOBDR008
FIGI
BBG00DG8QT68
General Motors Co. engages in the designing, manufacturing, and selling of trucks, crossovers, cars, and automobile parts, and in providing software-enabled services and subscriptions. It operates through the following segments: GMNA, GMI, Cruise, and GM Financial. The company was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI.
GM-US STOCKSGM is showing reversal at with divergence in RSI , it break its last LH with trendline
SELL with risk define below HIGH
General Motors Rallied. Now it’s Pulled Back.General Motors recently hit a two-year year high, and some traders may see opportunity in its latest pullback.
The first pattern on today’s chart is the price area between roughly $45.70 and $46. The automaker stalled at this level in early April and remained below it all of May. It then broke out
General Motors Company (GM)General Motors Company witnessed a rebound after forming a higher low at 45.93, to violate the minor resistance level of 48.04 by yesterday's session. then remaining above this level, will drive GM to test the last peak at 49.35, which is the level that needs to be violated to confirm the current u
General Motors Company: AutomobilesKey arguments in support of the idea.
• GM's ongoing buyback programs could significantly reduce the number of
shares outstanding.
• The Company's Q2 results are likely to come in above expectations. New car
prices in the U.S. remain high.
• Momentum effects could support further upside for the st
GM - Increase in Probability of AppreciationFibo clouds have emerged from this latest pivot compacted and aligned in the sequence of timeframes (30', 60', H4 and D) in a way that provides support for the candles to reach the first target. There is a graphical reference that forces us to set the first target at 43.53.
However, if this first t
GM: Great Earnings, Great ChartAfter consolidating since March 2022, it looks as if GM is ready for its next leg up.
Target 1: $49
Target 2: $59 & $60
Stop Loss: 50DMA
GM is looking good. 🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
🚗💡 General Motors (GM) Analysis 📈🔍Market Overview:
GM is experiencing strong pricing trends driven by robust demand and a focused strategy, according to CFO Paul Jacobson. Analysts are optimistic, with Bernstein assigning an outperform rating and a $55 price target, indicating significant upside potential.
Electrification Strategy:
GM 10/1/2023GM
About to blow.
After receiving those COVID bucks that propelled its stock into a nice uptrend, GM spent most of 2021 in a distribution stage, forming an M-top pattern. The price entered a downtrend in February '22 and finally found support in July '22.
The price entered a sideways range, init
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