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GM

2nd chance for those who may of missed the $gvt 'gold rush'lets take a look at historical corrections and part fractals. when gvt first came to light the sell off from wave one took a 94% correction before mooning to ath. in q1 2018 we saw the sell off from the major wave ath bring us down another 91% correction. if this isnt just a dead cat bounce (or news pump) and the start of a new run then maybe we can assume that gvt will correct 88% following suit of the other corrective percentages: 94% (-3) 91% (-3) 88%?? lets see, bringing it down 88% to around 0007 sats would bounce off a good support zone from the initial coin offering (ico) and would also create a deep number 2 wave as historically it does. last chance at these prices before we see some moon loving ath fun from the genesis vision token
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by cooper_5e
6
GM 2618 and demand zone long opportunityNo matter how hard this company had tried, how many good news it had, how good the stock market is, and how charming it is for value investors, GM literally did nothing on the last 2 years' bull market. As TSLA became more and more controversial, car investors may also have a look on this super low-PE stock. Indeed, it had terrible relative weakness than its peers based on the stock price performance, but it had solid earnings quarter by quarter and a very fair pricing on this bull market, I believe it still can play as a defensive role on the portfolio! It had a exhaustion gap around 38-39 , so I would more like to make use of the recent pullback to long this 2618. Let's see how it goes!
NYSE:GMLong
by Trader_Joe_Lee
GM: Breakdown from long-term wedge GM is breaking down from a massive long term wedge which bode ill for the stock. In the immediate time horizon, would expect GM to shoot for a downside ABCD completion at $32.40, -8%. Would reassess at that point for any bounce/retest of the wedge support. It is amazing to note how much US auto sales have declined from 12 months ago when it peaked at 18.5mn SAAR. As of end Aug, US car sales stands at 16.6mn SAAR. Throw in some cost increase from the new NAFTA bill (requiring workers to be paid $16/hr) and perhaps some Chinese boycott of GM/Buick to thank Trump for all the tariff love. Lots of reasons to hate US auto now. P.S. If you think this is a pure GM play, you are wrong. F is stuck in a perpetual death spiral with immediate ABCD completion target of c.$8.70, c.-8%.
NYSE:GMShort
by WellTrainedMonkey
GM bullish momentum above USD 35GM is soaring back from USD 35 levels (close to USD 34,71 support level), supported by: Fundamental: -USA&Mexico trade deal, which will positively affect their exports/imports between USA and Mexico. -Possibility of including Canada in the trade deal. -Less tensions with China in terms of tariffs. Technical: -USA Index bullish momentum. -RSI convergence. -Strong support levels at USD 34 - 35 range. As a result I see a bullish momentum above USD 35 level. Enjoy your trading! You can check my last posts: EURUSD UKOIL JPM
NYSE:GM
by Adrian_Armentia
$gvt has to test 0.001 before we move up againwhilst this is my favourite project that currently owns 20% of my portfolio (and accumulating more) i do believe we need to test the November 17 highs that will act as solid support and a potential lift off zone. until GVT is a fully functioning project (October) then it seems unlikely that we will bull. If bitcoin decides it will move upwards convincingly then we may see some 0015 or 0016 results (resistance) but as we are paired with the king and dont have an interactive product yet then the zones highlighted are where we reside. big buy orders set lower down + product release and bitocin stability = bright start and future for gvt fans. accumulate whilst its low guys n gals!
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by cooper_5e
1
GM inside day, relative strength or not?Stock futures slumps for more than 1% in Asia market today. Also, GM got an inside day here; Yesterday it tried to break the 45.00 fig level and the bearish bat but failed, if the bulls are able to break the inside day, the momentum probably is able to takeover the size. Generally I am quite bullish in GM as it's ridiculously cheap with 6-7x multiples and solid dividends, so I'll skip the set-ups to short. While, with regard to the potential gap down (with the market), the 1st point for this trade is to see if the inside day low 43.35 is broken. If not, that means GM shows great relative strength against the market, which is great for this trade! If it breaks the inside day low before breaking the inside day high, this trade doesn't exist anymore. Let's see how it goes!
NYSE:GMLong
by Trader_Joe_Lee
4
despite GM, GVT may still be heading southim never one to fomo in but GVT did have me wanting to push buy with the release of Genesis Markets this week, but as always my stubbornness to buy when a cheaper opportunity is possible always seems to win (sometimes for the best and other times not). i have been following the gvt/eth pattern for a while as it shows less volatility then the gvt/btc pairing, meaning a clear visibility of what may be going on. right now it looks as if we are about 0.5 fib of the new bull run and the bbands show price hovering right around the 20 sma with support. however a couple of other indicators say different: rsi, although it was looking good during the 'news pump' has now found itself pointing south & the ichi cloud has all lines and candles below the cloud with no green insight (yet), thus points south. i think without investors actually having the ability to use the genesis token (both in GM as a manager or in GV as an investor) then there isnt actually a global need for it yet so why would there be a surge in price without a product to use it with? you wouldn't stock up on fuel if you didnt own a vehicle to use it with. with so much uncertainty and bitcoin not sure what its doing then we could well be seeing another drop to the 0016 zone for a triple bottom or possibly worst with btc having a mega dump we could find ourselves below the 0016 support as low as 0014! alot of people believe that gvt moves independently of bitcoin and as much as that was true in Q1 since April we have followed the mother ships patterns and if bitcoin does goe then so we will we despite the direction. a drop below 0020 and we could be in trouble and unfortunately until we have a 'fully' usable product for investors and managers then bitcoin is firmly in control. prepare for all occasions gvt fans. peace
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by cooper_5e
1
General Motors, GM, Short Term Bear, RetracementI am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. I just published an idea regarding General Motors which covers a slightly different angle of the same idea I'll publish here. I won't go into as much detail with this one. This one is in line format and the other one is in candlestick format to show two different perspectives. I have this in line to show a couple Triple Tops which are a little difficult for me to identify in candlesticks. I see a Head and Shoulder pattern which I have marked with orange arrows; and the Triple Tops I see are marked with red arrows. I didn't want to put too much clutter on here but you can also drawn a down trending line from October 24, 2017 to November 2017 (the 20th, 21st, and 28th are the tops for that month) to January 2018 (the first Triple Top marked with red arrows) to this month (the second Triple Top marked with red arrows). If you need help seeing it let me know and I can publish another chart with just that. For more of a detailed description see my previous post from this same day about GM. Also, to alleviate some confusion I marked the 200 Day Exponential Moving Average (EMA) more clearly in this post. So, to recap, a Head and Shoulder, a Down Trend forming with lower highs since last October, two different Triple Tops, and multiple EMAs forming resistance (covered briefly in my other post, which if I do it right the link will be below; but it's my first time trying that so let me know if it works or not). In my amateur opinion, that is a lot of Bearish signals.
NYSE:GMShort
by AROD01
GM Short Term BearI am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. I recently published an idea stating I was bullish on General Motors because I saw a rolling pattern. If, after earnings, it continued up I would buy a bullish play. It did, kind of, and I bought a Call option on Friday as I saw the stock price rising. However, as I continued watching GM it was not able to maintain those highs and instead fell on higher volume than the previous day. This was a bearish signal so I sold my Call a couple hours after I had purchased it and took a loss. After looking at General Motors again and realizing the S&P 500 was also unable to maintain a high I purchased a Put option in GM. I have this chart set to candlesticks so you can see the falling price and inability to maintain highs over the past couple days; however, I will also publish a follow up to this in line format because I think it will be easier to see the bearish patterns. I have marked one of the bearish patterns I see, and that is the Head and Shoulder pattern. Another reason I think GM has gone bearish, at least short term, is due to almost all the Exponential Moving Averages (EMAs) being above the closing price; and on top of that (no pun intended) they may also be acting as resistance. The 200 Day EMA is sitting around $40.00ish (I have the EMA line itself orange, and the horizontal support line where it may hit is purple). We'll see if that is enough to catch it or not. I still have the lines drawn showing what I thought was a rolling resistance and support because they still are good lines (in my opinion) and GM may eventually bounce back and forth between them again; only time will tell. There was a Gap back in September 22-25, 2017 and the Stock used that a support on February 05, 2018. More Bearish signals, to me, are the lower highs from October of 2017 to current; as well as multiple Triple Tops, but I think those are easier to see in line rather than candlestick. The Market as a whole seems to be slightly erratic at the moment so if this doesn't pan out it may be best to just take a step back and until something more definite comes along.
NYSE:GMShort
by AROD01
GM Buy into EarningsI believe that General Motors is a strong buy right here. It is in a flag formation and has retraced to the 0.618 Fib level off its most recent move. It has also closed its gap up which was made on the past bullish run. These are all signals pointing to a great GM buying opportunity! With earnings tomorrow it may be smart to hold out until seeing their results, especially if the market is focused on the falling indices. If GM reports good earnings (which I suspect strongly) it may very well go unnoticed. Also the RSI is OVERSOLD! On this awesome american company that trades with only a PE of 8.55 and a Div Yield of 3.84%! -FYI I am a share holder of GM. This is not financial advice
NYSE:GMLong
by coltsrule7
General Motors Short Term Bull, Roll, ConsolidationI am not licensed or certified by any individual or institution to give financial advice. I am not a professional stock trader. I believe General Motors is in a rolling/consolidation pattern, at least for the short term. I have two possible support lines drawn. The bottom support line is drawn off the Gap from September 25, 2017 (it's possible to draw a third support line even lower at the beginning of the Gap from September 22, 2017) and the higher support line is drawn off resistance wicks from September 2017 and near the low of December 14, 2017. My Resistance Line at $45.07 is drawn off a lot more points. Throughout October 2017 you can see it acting as old Support, and then in November 2017 it becomes Resistance from the 20th through the 29th, and most recently it was Resistance on January 16, 2018. The orange drawn lines are possibilities of what I think could happen. GM may drop a few more cents and hit the $40.72 line and bounce up, or it could drop to the lower Support of $40.00ish and bounce up. Of course, it could just drop straight through both; but I think it will get a helping hand in rising when the major Indexes reach their 50 Day Moving Average and bounce up after the current retracement is comlete. If, after Earnings is released in a couple days, General Motors hits either of my drawn support lines and begins to rise I will consider entering a Bullish position (either Stock, or Call Option, and maybe paper trade a Bull Put spread for practice).
NYSE:GMShort
by AROD01