A good opportunity to long position and get a good profit from the attractive American stock market Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other...
Hey everyone! 👋 This week, we wanted to do something a little different. As you may have guessed from the title, we're running a trading idea competition! The prompt for this competition is simple: Post your best pair trade idea for the given market conditions. Your idea's time horizon can be anything from the next week, all the way through the next several...
On the chart, we can see the price broke key level that was acting as a support. Now we are expecting that this level to act as a resistance. Therefore we recommend to enter short position. We recommend to place the stop loss above the resistance. Target : 31,30 MACD looks bearish which is our confirmation for this short position. Good luck
Heritage brands are making a comeback, as if they ever really went away. General Motors makes Buicks, Cadillacs, Chevrolets, GMCs as well as vehicles under the Holden, Baojun, and Wuling brands. Known for being reliable, they are a go-to for automotive-dependent businesses such as daily rental car companies, commercial fleet customers, leasing companies, and...
It seems that before you trade a stock, there is a process for stock selection and a bit of research that needs to happen. It looks as if a person cannot pick any random stock he or she likes. Anyway, GM seems to have some momentum going on. I see what seems to be a head-and-shoulder pattern. I never used it, but it looks interesting, and that one appears to be...
I saw speed fans and also saw a gann square back then. So I fitted it. It bounced off the golden lines nicely. And respected the fans and rings almost perfectly at times. I made this in like March-may
General Motors has moved sideways for months, and now traders may look for the automaker to test support. The key pattern on today’s chart is the channel between roughly $31 and $42. GM hit the top of the channel in September and tested the low in mid-October. Prices peaked near that resistance again last month, but remain about $5 above the bottom. That may...
Hello dear Traders, Here is my idea for #GM Price closed below yellow line (previous month low) Targets marked in the chart (green lines) Invalidation level marked with red line Good luck! ❤️Please feel free to ask any question in comments. I will try to answer all! Thank you. Please, support my work with like, thank you!❤️
$41.48 to $42.36 were two recent noteable highs since September. Price rejected the $41.50 area twice in November. Daily is oversold so we still need to be a bit careful here for the type of range trade we are looking for. Might wait til the fed decision and cpi reports pass next week to get a second look.
Hard to imagine buying an auto stock at a time of rising recession fears, higher (and likely even higher) interest rates, and growing geopolitical tensions. But many analysts believe GM's push into the EV space with a focus on vertically integrating the battery and precious metal feedstocks required to power these vehicles will put them in the sweet spot ahead of...
Wyckoff accumulation about to be completed. The last leg should be 1 big fast drop down to maybe $35 as a start by the 9'th or 16'th in Dec and then some more accumulation around that area before there's a final drop to $33 ish by EOM Dec. That's all.
The PEAD projected a Bullish outlook for $GM after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
I like the setup in $GM, which I think can move fast here if EV names gain traction. I'm already long $F from lower in my long term account, but want to add a short/mid term position in $GM here. Valuation is not as interesting and I don't particularly love Mary Barra's execution or her being prone to corrupt political shenanigans with Unions and Biden backing...
Flipped my calls and called it a day trade since it went up over $2 for the day, but looks to me like it wants to double top. I'm always weary when the market pumps bad news though.
GM Analysis: RSI 1HR 52 4HR 69 STO 1HR 64 4 HR 60 Findings: there is a gap @ $52 that needs to be closed. Action: Since the RSI and Stochastics are pretty high on 1hr and 4hr we will see a price correction towards $36 BEFORE closing the gap at $52. WATCH the price correction at $36 before going long closing the gap at $52
Like I mentioned a while back, it's back to pre-COVID levels and bouncing. Daily MFI is overbought, though RSI is not there yet.... much like PCAR
I can't imagine many people are buying new and used cars headed into a recession. Guidance will be pretty key, and I think GM's going to start looking bearish.
NYSE:GM GM Weekly Fork-Waves It looks like GM is about to enter Wave 3 of a larger-degree Wave 3. This goes against the current market sentiment. This is valid as long as the July low at $30 holds. Fat_Fat