GM trade ideas
GM - EW analysis - Up trend GM - It is in strong uptrend. The current price action is in 5th of 3rd wave up and going for higher high as target zone. Buy every three wave correction of respective cycles for target as higher high.
Give thumbs up if you really like the trade idea.
GM potential long setupCurrently in a wedge from late October, GM looks to be setting up for a long entry in the coming days. A break and hold over 42.11 would likely offer a long entry followed by a break of the wedge (upper blue trendline). The hard stop would be a break under this wedge, or the lower blue trendline. This analysis has not been marked long as it seems to need a few more days to give us an entry.
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General Motors Pulls BackGeneral Motors has been in the fast lane since the fourth quarter began. It’s now having its steepest pullback of the rally, offering momentum investors a potential opportunity.
The first feature on GM’s chart is yesterday’s hammer candlestick. Sellers tried to push the shares below $41 but weren’t able to keep it there.
Second, that $41 level is potentially important because it’s near the daily closing highs in July 2019.
Next, GM’s stochastic oscillator recently fell to its lowest level since August 2019. That may suggest a deeply oversold condition.
The automaker’s fundamentals have also improved – in both the near term and longer term. In the near-term, GM has gotten a huge margin boost from SUVs and pickups. Last quarter, for instance, revenue barely beat estimates but profits were almost double consensus.
Over the longer term, CEO Mary Barra is pushing GM toward electric vehicles with the development of its Ultium drivetrain. That could lift valuations because GM trades for less than 1 times revenue. In comparison, Tesla trades for more than 20 times revenue.
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GM earnings Beat estimatesGeneral Motors posted stronger-than-expected earnings in the third quarter, there is a positive reversal on RSI ( Vertical doted lines) indicating that stock might reach 38.29$ as primary target(pre market (36.6$)) coinciding with resistance level ( red horizontal line).
On another note, the recent trend is up ( black doted line), and a lot of news are circulating about heavy investments made in electric vehicles development. No position yet but keeping an eye for that 38.29$ level ...
Things could change drastically for the battered US cars manufacturer.
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
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
GM - H chart Prices formed the flag pattern, which is a complement to the upward trend, and what distinguishes this pattern is to quickly reach the target
The breach of 44.60 targets 57.10
Stop loss if it closes below the support 43.65
There is a daily GM analysis. Please review it
GM on good trendGM above 50 day, 100 day and 200 day MA's and it looks to me like it broke above an already upward trend on the daily and weekly. I am super amateur, but this one looks bullish. We will have to see what happens with NKLA potential deal.
GMTICKER : GM
DATE : 18/11/2020
PRICE : $43,78
TRANSACTION : $153 230 000,00
AVERAGE TRANSACTION : $9 341 306,48
MAX : $182 759 720,00
% OF MAX : 83,84%
DIFFERENCE FROM AVERAGE : 1640,35%
