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:
The imminent launch of the low-cost Chevrolet Equinox EV...
🔉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!
GM
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, initially resembling a rising wedge but later developing into a...
Uptrend
I'm waiting for confirmation above 46 and it could be a good opportunity for buying.
It has a good P/E. Next target will be about 52 and 62.
As always guarantee your trades buy setting a sure SL.
If you haven`t bought the dip on GM:
Then analyzing the options chain and the chart patterns of GM General Motors Company prior to the earnings report this week,
I would consider purchasing the 45usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $1.63.
If these options prove to be profitable prior to the earnings...
GM seems to be losing bullish momentum we have entered the gap from earnings last week currently retesting, I believe we continue downward to filling this gap to the downside……let’s see how this one plays out!
- Gutta CEO
General Motors ( NYSE:GM ), the Michigan-based automaker, exceeded Wall Street's predictions and raised its annual forecast in its first-quarter report, citing stable pricing and demand for its gas-engine vehicles. The company increased its adjusted pretax profit projection to $12.5 billion to $14.5 billion, from its previous range of $12 billion to $14 billion...
GM on the weekly chart has ascended to the top of the high volume area of the long term
volume profile. The predictive algorithm forecasts a bounce down from that level. The
MACD indicator shows lines crossing over the histogram while the RSI lines are in the 60s
about the same level as the market pivot in 2022. The Supply / Demand indicator has the...
General Motors Company (NYSE: NYSE:GM ) has been dominating headlines recently, not only for its impressive stock performance but also for a notable insider sell-off by Executive Vice President Rory Harvey. Despite this sell-off, NYSE:GM 's stock surged to a fresh 52-week high, reaching $43.06 in the previous session.
Insider Sell-off Amidst Record Highs:
The...
🔉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!
Fibo 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 target is reached, with a partial realization of 50%, and as long...
General Motors (GM): NYSE:GM
General Motors has been added to our portfolio, starting our chart analysis from the COVID-19 low at $14.33. Since then, we've developed an overarching Wave (1) in blue and have also already completed Wave (2) at $26.30, characterized by an Expanded Flat and Zigzag correction. We are now in the midst of the overarching Wave (3),...
General Motors' ( NYSE:GM ) autonomous driving subsidiary, Cruise, finds itself navigating choppy waters yet again as the departure of Carl Jenkins, the head of hardware, marks another significant exit from the company. Jenkins' resignation, announced amid a series of departures since the suspension of U.S. operations in October, underscores the challenges facing...
I noticed a bunch of stocks forming pennants lately, small caps (IWM/RTY1!) has a huge on as I mentioned earlier today.
I think CPI numbers Tuesday determines the direction, the only thing that can tank the market is inflation. I might run a straddle with options Monday before close since I have no idea if CPI comes in above or below estimates. GM is a good one...
