GM will increase as it electrifies and expands Super CruiseThis is a fundamental analysis - at least for the next 6 months.
GM has the following going for it:
- High margin profit driven from trucks and SUVs
- Electrification of majority of the fleet by 2025
- Carbon free by 2035
- Ownership stake in Cruise
- Plan to roll out Super Cruise for multiple vehicles by 2023
- Partnership with Honda to further develop EVs
- Will be building its own "Ultium" batteries
GM trade ideas
can GM compete against TSLA?Microsoft is joining forces with Cruise, the self-driving subsidiary of General Motors, to help speed up the commercialization of autonomous vehicles. The software giant is also chipping in on a new equity investment of $2 billion for Cruise, along with previous investors Honda and GM, bringing the AV company’s valuation up to a whopping $30 billion.
Potential fib retracement on GM Hi everyone, here is a potential retracement of GM showing it might hit that support line and hopefully shoot back up. This company has just recently been upgraded and has lots of potential to compete with Tesla’s cyber truck and Rivian since it’s coming up with the Hummer EV. Hopefully this helps everyone.
GMOriginally took this trade on 11/11/ 2020. GM!! really didn't make sense but it was setting up; formed a VCP.. earnings increasing; good sector but I got impatient after sideways movement. Then, Mark Minervini metioned entering in his Twitter feed; I took a look and re-entered. A much better entry.
When the Stars Are Aligned - Trade the High Probability 5th WaveOverview video on how stocks generally behave and how our Elliottwave Indicator Suite can measure that behaviour to identify high probability 5th Wave Swingtrading opportunities.
$GM General Motors is used in this great example where Paul also discusses managing this 5th wave trade.
GM pops on news of self driving collaboration with MSFTMicrosoft is investing in General Motors self driving startup Cruise. Under terms of Tuesday’s deal, Cruise will use Microsoft’s Azure cloud-computing service to help it roll out autonomous-vehicle services. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
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General Motors finally waking to EVThe Ultimate Stock Indicator Pro on Tradingview flashed a BUY signal yesterday, and there's a follow through candle today.
The 8 confirmations of the BUY signal also gives us a great entry point to rise with GM to their all time highs, going past their Earnings on 2/10.
Happy Trading, from CJ -- aka the greatest FURU.
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$GM General Motors $55.00 Short Term Breakout target
Todays announcement regarding the new commercial EV certainly gave the stock a push
to a ATH, which is continuing in the After-hours.
The stock posted its first closing since Oct 2017
but however still remains within the upper trendline resistance.
Tomorrow we will look for a break above $50.00 for a possible add.
The first major Fibonacci target (blue) is $55.58, while teh local fib expansions levels must also be considered (yellow)
but it is wise to expect a back-test of old resistance before advancing .
Dwarf Star!! This should NOT look expensive to you GM is everything Tesla wished it would have been in its infancy. With infrastructure and established customer base, GM will likely beat Tesla in this sector in profitability and revenue. GM can only grow from here. I believe this is 300 in four to five years, and that is modest speculation. GM could become the biggest company in the industry of automobiles.