GM
General Motors Company is engaged in the designing, manufacturing and retailing of vehicles globally including passenger cars, crossover vehicles, and light trucks, sport utility vehicles, vans and other vehicles.
1-Year Return 10.76%
3-Year Return -6.13%
5-Year Return 13.35%
5-Year Revenue Growth -11.99%
5-Year Earnings Growth 58.03%
5-Year Dividend Growth 26.67%
It looks like volatility is contracting.
Will be very interesting to see what happens with the autonomous driving. I still think TSLA will be the winner in this space.
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Trade ideas
GMInfo only, not advice.
Nice pause during the uptrend and consolidating well.
Recent news about them not working with Nikola will be good news in the immediate term as Nikola continue to drop.
Stochastic RSI is low and price is hitting higher lows.
Expect a break in the next week or two.
3 x target levels based on fib extensions at 0.618, 1.0 and 1.618
long term trade so looking over financials for GM they have a 9.1 Billion in open cash flow for operations. sales came in bigger than last year so i do expect there to be a small drop im going to do a long position at around $37 to $40 and then exit at around $50 per share so i did use the fib retracement to show where i think itll go short term but over all i think it will go long
GM: Ascending Triangle, confirmedAscending Triangle, Confirmed
Pros:
Descending volume during formation
Peak volume at break out
PPS above 50MA and 200MA
250RSI above 50
RS ascending and above 0
ATR ascending, more volatility
R/R ratio above 16
Cons:
200MA descending
Targets:
PT1 = 38.50$, filled
PT2 = 41.76$, filled
PT3 = 44.92$
PT4 = 50.53$
GM earnings surprise beatGeneral Motors (GM) reported 3rd Quarter September 2020 earnings of $2.83 per share on revenue of $35.5 billion. The consensus earnings estimate was $1.47 per share on revenue of $38.0 billion. Do your own due diligence, your risk is 100% your responsibility. Good luck and happy trading friends...
*3x lucky 7s of trading 101*
7pt Trading compass:
Price action
Volume average
Trend momentum
Current events
Revenue & Earnings
Debt / Cash
Book value
7 Common mistakes:
FOMO
+5% portfolio trades
Bad risk management
Emotions & Opinions
Lack of planning & discipline
Forget restraint
Repetitive errors
7 Important tools:
Trading View app
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books
Brokerage UI
Checkout my indicators:
Fibonacci MA7
Fibonacci VIP
$GM the battle of faith$GM has always been a good indicator of $DJIA and the way it could move in the future. Last week swing high in this stock is highly unusual taking into an account indebtness and GDP fall and consumers uncertainty invoked by COVID-19. 38-38.4 is that magic line this stock needs to cross above or te be rejected from. It will be good for trading.






















