GM looking to go higherLong monthly trendline decisively broken. Path of least resistance appears to be up. I am looking for a surge in volume to give authority to this possible breakout.Longby fallingumbrellaman7
GM: Daily viewGM is an excellent company to own for the long term. That being said, outside of a core long term position in it (something like 10% is perfectly fine), we can also trade and profit from volatility, both on the long side (adding trades with trailing stops, and adding to winners) and on the short side (selling calls against our long term longs to profit from corrections). In this case, after today's news, we see that the daily has flashed a 'Time at mode' uptrend signal with a target at 39.57 that has to be hit before January 31st. Since this uptrend's time duration expires just before earnings, it might be wise to reduce your exposure to GM approaching the target, and date, or to at least hedge your downside to protect profits by selling calls. In the case of earnings sending prices way higher, this would ruin the upside, so, the alternative is to start trailing stops periodically (at least on your non-core-long term positions) to reduce risk. Good luck! Ivan Labrie.Longby IvanLabrieUpdated 1118
Sector Rotation: GM Descending Broadening WedgeIf ever you like to predict the further direction of an overall stockmarket than keep an eye on any sector rotation as well. Since November we have seen Banks rising. If you follow this trading ideas you might see, that there is an ongoing rotation now into industrials. You see also huge consolidation patterns like in Tesla, GM or the German Automaker Volkswagen. Again: To predict any direction in stockmarkets try to look for similar pattern in more stocks or diffent indices. If you follow this trading ideas than you see that in any case there is more than one issue discusssed. This world in the year 2017 now is more connected with the www than ever and more linked in almost any direction than ever before. So look for similar patterns as much you can get to decide if you see a broad based move - or not. Even to the upside and later for the downside as well.Longby SwissViewUpdated 5
BUY GMIt is a bit late to enter the position, Risl/Reward ratio is Aabouhas not goot 1 for TP1, for TP2 it is very good. SL: 23 TP1: 47 TP2: 63 Close half of the position if it reach to TP1 and break even the positionLongby hasanzad6
long term long gmsell Jan monthly 35put for 0.80$ spport @35 and also 0.618Longby chenrui3257Updated 2
GM @ 1h @ will flag-formation confirm prices above 34.41 ?Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaronby Devise2Day2215
long GM @ daily @ trading capability for this january`17This is only a trading capability - no recommendation !!! While january`17 maybe i`ll confirm or change my opinion :) Buying/Selling or even only watching is always your own responsibility ... Best regards AaronLongby Devise2Day19
pullback on gm......buyin my idea it can be a pullback to broken tl... uptrend... buy after bullish candleLongby pardis10
GM: If you missed our entry at KHL...jump in!GM is a great long term long, and good beta exposure for your portfolio. Earnings yield is terrific, the weekly setup presents a long term uptrend in place, and it's at a good location to enter longs now. Again, size it to fit your risk criteria, but like the rest, 2% is fine. You can buy it gradually over a couple days too. Good luck, Ivan Labrie.Longby IvanLabrieUpdated 21
GM break out is not overHistorically when the RSI breaks above this level, the stock continues to gain at least 1% more. In looking for the next trendline and resistance level, a conservative level would be above 38.00. While that level is likely the safer play is a call with anticipated movement to at least 37.67.Shortby StockSignaler1
GM bullish - 20-month falling trendline break points higherGM extends bullish momentum following better-than-expected auto sales report for November.Longby novvoll123
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.Shortby IvanLabrieUpdated 12
GM back above 30 day WMAGM back above 30 day WMA. Could be a short rise but profit to be gained.Longby cole.spolaric1
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.Longby IvanLabrieUpdated 19
GM Hold30 day Weighted Moving average is showing relatively no movement. Wait for movement before before buying or selling.by cole.spolaric1
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.Shortby IvanLabrieUpdated 8
$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. Longby jake661
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.Longby Tecnologia_Financiera3