GM
GM, GM? really?Yea, Ive never had GM on my watchlist before. But if the market starts to show weakness, and this continues to hold, it'll be worth looking more into and possibly take a position. Currently I am pretty full, but if I get stopped out on a position or two I may enter.
Can GM hold the highs?We entered at a great time early last month. We obviously did not predict the election and vaccine news but that is the beauty of markets. Sometimes you get upside surprises. The question is what to do from here? Based on our model we think as long as it holds the $41.50 area it is safe position to hold.
Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model : Focuses on reversal and continuation wave structures
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal sine wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current sine wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat
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.
abcnews.go.com
NKLA - is it second Tesla?Until 3rd December there probably will be done the deal with the GM.
Everyone is afraid now, because of law companies attacking the Nikola for misleading informations about the company.
But everything looks like it still wants to go up after this massive bullish flag.
Looks like MACD + RSI + MFI is trying to bounce off the support line.
We will see!
$NKLA has earnings monday. What to expect!Asking ourselves "what value could NKLA bring to the ER" the answer is probably nothing substantial. The expextaions are low, so if they have made any improvements over the last few months perhaps we could see a break past resistance, BUT i doubt that. We are up against a major resistance and the only thing I believe that could save it is a the announcement of the GM deal. The chart is set up for some serious downside and ill be signaling in my chatroom. This could present the perfect straddle opportunity.
GENERAL MOTORS IS A GOOD BYE HERElosing the long time battle with the 350 MA
still under the water line $36 not expecting it to make it there but possible short squeeze?
350 MA just may be the top for now
$GM the battle of faith$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.
Ford : The big short .An almost bankrupt company mismanaged by 60+ years old boomers with no will to succeed .
BLNK LevelsWith a break in 50 day SMA NASDAQ:BLNK has moved to it's next important level of support. NASDAQ:TSLA promised some large advances over the next 3 years in the EV and electric power scene and has sent the whole EV sector into a short term tumble. BLNK has faced a short term downside, however in the longterm, cheaper materials, quickly advancing technology, and election year will likely make this sector a winner. Big names like NYSE:GM have began to lay groundwork for their own cost sensitive EV. The only question is when the bounce will happen. There is a lot of downside if support breaks today. The curved line is the path post correction.
$GM Fades on Fed, but Bolsters EV ProfileGM shares faltered at a potential breakout level around $33. But this one could be interesting. Who's the next big EV play? General Motors. After its Nikola marketing partnership, the company announced a plan to ramp up EV production. The stock faded with the market on the Fed Sell-the-News action. A move back above $33 could set up a flush above $35.
General Motors Analyse General Motors Analyse .
*Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
General Motors to Drive LowerGM has a terrific bear flag that has broken down and is backtesting on the weekly (and of course also the daily). Weekly stochastic RSI has turned down with the fast line having just pushed below 80. That is an objective short, as far as I can see.
General Motors Stock - GMBased on Technical Analysis, the best option is to hold and wait that the Support 24.00 USD:
1. It will be broken - go short
2. It will work as support (it will not be broken) - go long
Fundamental Analysis:
General Motors requests removal of judge and to vacate order from RICO lawsuit against Fiat Chrysler
GM head and shoulders dumpingMy target is the 14-15 dollar range and I do expect it to hit that range within two weeks.
GM daily printing head and shoulders atop bear flagThe chart and title say it all. Bear flag sprouts head and shoulders on the daily chart. I look forward to shorting this one. The only question in my mind is whether we'll see any sort of bounce off of support or blow right through it. I'm not seeing why we can't have an 10-13 dollar GM stock at some point next month.
Purchasing GM calls during June.May's monthly candle closed above April's high.
If price returns to April's high, then I will begin purchasing call options at the 24.50 strike with a July 2 expiration.
