Golden cross 50 crossing 200EMA spotted and was basing till earnings report. Need to see next 3 days how stock is behaving. Launching new EV. Good catalyst?
General Motors ( NYSE:GM ) is making headlines after a roller-coaster ride in the fourth quarter of 2023, marked by a 9.50% surge in premarket trading on Tuesday. Despite a 41.5% decline in adjusted earnings and a slight drop in revenue, the automotive giant's positive outlook for 2024 and strategic moves have caught the attention of investors. We'll delve into...
Thank you as always for watching my analysis. I hope you learned something helpful! Remember, only lose what you are willing to! Trading is risky! Always have a stop-loss.
If you haven`t bought the dip on GM before the previous earnings: 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 35usd strike price at the money Puts with an expiration date of 2024-4-19, for a premium of approximately $1.85. If these options prove to...
GM Daily Chart Although GM formed a double top, it is showing signs of strength at a support level (green bar). If GM goes up in the beginning of next week, it will go up to 40. GM is close to the upper trendline of the channel. However, it will likely make a fakeout up to 40, where there is resistance from the gap. This will happen around the time GM's...
Bag holding candle appeared after a sweep which considered a sign of strength price reacted to the upside following the candle expect a rally towards 50$ then target the high.
NYSE:GM I have an alert set right on this flat base resistance line. Should it trigger I will go long with a stop just under the days low. See chart for more details. Wolfe Research Upgrades General Motors to Outperform From Perform Jan 4, 202408:27 EST General Motors Company GM has an average rating of outperform and price targets ranging from $27 to $95,...
General Motors (GM) stock increased by 10.7% on Wednesday after the company announced plans to increase shareholder returns. The automaker announced: 1. A $10 billion accelerated share buyback program 2. A 33% increase in its common stock dividend beginning in 2024 3. Reinstatement of its 2023 earnings guidance 4. The dividend will increase to $0.12 per...
General Motors (GM) stock increased by 10.7% on Wednesday after the company announced plans to increase shareholder returns. The automaker announced: 1. A $10 billion accelerated share buyback program 2. A 33% increase in its common stock dividend beginning in 2024 3. Reinstatement of its 2023 earnings guidance 4. The dividend will increase to $0.12 per...
General Motors (NYSE: GM) - shares powered higher Today after the carmaker updated its profit guidance following the United Autoworkers Union strike while unveiling plans to boost its quarterly dividend and buyback $10 billion in stock. General Motors said the six-week UAW strike, which ended late last month, would clip around $1.1 billion from the group's...
Bullish opportunity on GM. This one might be a bit on the riskier side. However I like to enter before everyone else does. And that means identifying areas/levels. Mainly where stop orders get hunted. Mid December expiry. Options.
A price action above 28.00 supports a bullish trend direction. Increase long exposure for a break above 31.00. The target price is set at 32.00 (just below its 38.2% Fibonacci retracement level). The stop-loss is set at 28.00. A breakaway gap seems to occur. Remains below its 200-day simple moving average and is regarded as a counter-trend strategy.
If you haven`t bought GM ahead of the previous earnings: Then analyzing the options chain of GM General Motors Company prior to the earnings report this week, I would consider purchasing the 30usd strike price Calls with an expiration date of 2023-12-15 for a premium of approximately $1.77. If these options prove to be profitable prior to the earnings release, I...
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
New news came out today from the UAW saying that strikes may become more common in today's world at that new ones may occur without warning. This kind of news has the possibility of taking the stock down a lot further in the face of uncertainty I believe. We'll stay tuned to find out though, good luck traders. www.reuters.com
I'm diving into a pairs trading strategy featuring two titans in the automotive industry: General Motors (GM) and Ford (F). Both companies are household names with a rich history in the automotive sector, but their financial metrics reveal key differences that present a trading opportunity. I'm contemplating going long on General Motors and short on Ford, aiming...