GM : Support is now resistance This is a weekly picture using trendline and candlesticks.
On the daily RSI you can see that divergence was hit and rejected.
I'm expecting a move lower to 148 in the next couple of weeks
GM trade ideas
GmWe had a big rising channel. We lost it. Came down crested an ascending traingle. We back tested it and controlled the 100 ema
Seems we could come all the way to 60$ which would
Be turning old
Suppor of that rising channel into new resiatnce but we could play this up to 60$ from here .
GM Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
$GM Looking for reversalGM appears to be bottoming and signaling for reversal (aroon and MACD crossing) . Looking for a move back to the AVWAP zone.
Large buyer GM 11/19 48C for $2.5M premium , along with other sweepers and blocks today.
Watching $GM for Entry @ 44.32 Analysis & Key LevelsWatching $GM for Entry @ 44.32 Analysis & Key Levels
I set an alert for 44.50 and will re-assess if it get’s there. I’ve been feeling quite bearish about the market lately. Too many red flags 😬
Red = Resistance
Green = Support
$GM to $40 within 90 daysChip Shortage is going to have a negative affect on earnings. Going for psychological levels of $45 and $40 and a dump either right before or right after earnings (volatility crush).
GM broke out of the pennant patternNYSE:GM broke out of the pennant pattern. Wait for a pullback to long the stock and target 72.18$, stop daily close below 53$.
Hit the like button please if you find this useful :)
This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
GM - The Tesla Crusher - EV Push - Valuation & Sales*rising rates environment will smash the Dogefathers Ponzi Pogs. Forward P/E is a NOGO from now on. *valuation & PROFITS NOW matter most.
I'd enter with a 50% stack. DCA if need be. I doubt you get a chance at anything meaningful. The chip play for EVs and others.
#checkmate STORYTELLERS
#investingnfts
Go Small Cap Gems!
GM Support!Money Makers!
GM has found support after the massive correction. There was a huge recall on their cars along with a few other things that fueled this sell-off. This is a resilient company and it can continue to grow. Right now it is trying to bounce off support which can be a great place to go long with a tight stop-loss. If these level fail i can see a retest of the low $30s. Let's see how the next few trading days play out!
Love it or hate it, hit that thumbs up and share your thoughts!
Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect!
This is not financial advice.
Simplicity Wins
GM | GM heading to gap fill Wait for trend reversal before going long.
Short term: bearish
Long term: bullish
GM wait for entryGM seem s to drop a bit more. Anyway, hitting the $49 will trigger a new bull opportunity.
Yellow arrow should end the correction.
$GM - Triple bottom watchGM just did the triple bottom. If the price bounce from here and pass above $58.90, triple bottom confirmed and price can continue to $66 area.
best case - $66
good case - $58.90
bad case - $51.09
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
GMIt can continue to grow. there is also a very strong weekly light on the weekly chart. It can be considered as a formed database
GMDetails are in Photo. GM is a great company in my eyes. I do feel mixed on the auto industry with the variant and other catalysts in the reports that are being released economically. I wanted to catch this at a support level on a larger time frame. Just want to keep it simple. I didn't do any options because I wanted to stay away from theta just in case. Looking for $60 no matter how long it takes....not advice.
Swing Idea: GMGM has entered my buy zone, may be a bloody week so stay safe. Looking for entry at $53-$54 range.
Not finanical advice just my opinion.
GM UptrendSince the beginning of the year General Motors has started doing healthy bullish things on its chart.
We have another uptrend that is in play, and if the trend holds we can look for a retest of the $60.30 resistance level. A break and hold above that level could send us 15% to the upside to the top of the channel.
***Also, please be aware that the current market is fueled with uncertainty at the moment, so a breaking of this uptrend is very much possible. Until then, however, we assume GM remains in the trend until it doesn't.
If the trend breaks, we have our stop losses at $57.43 and the final line in the sand at $55.82.
Technical analysis update: GM (13th July 2021)GM did gap up (at the open) towards resistance when U.S. market opened on 9th July 2021. Today it held just below resistance and did not retrace its gap. RSI and Stochastics reversed to the bullish side. MACD is neutral. ADX is very low which suggests weak trend or no trend in GM. At the same time price retracement failed to occur. If retracement fails to occur in the following days then bullish case for GM is strongly bolstered (for short term). Our short term price target is 60 USD and our medium term price target is 65 USD. However, investors should pay attention to the price action in GM over the coming days as earning seasson begins and with it we may see increased volatility in the market.
Current setup:
Prior developements from 26th May 2021:
Here we stated that GM entered rectangle formation. We correctly predicted breakout above resistance and subsequently reached price target of 60 USD and 62.50 USD.
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
