GM (Long)Maybe sometimes we are little worry about it ,but it doesn't mean this is a bad stock! I recommend it to buy :DLongby ilia1380Updated 6
looking to shortunless it breaks through back into the bullish channel I see it going down Short price target 22.00 stop loss 28.50Shortby thewrongdipPublished 1
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. Shortby CHTradingGroupPublished 6
GM, Giant Probabiltiy To Continue, Possible Hedge On Short-Side!Hello, Traders Investors And Community, welcome to this stock-analysis where we are looking at the single stock GM (GENERAL MOTORS) and the recent price events, the current formation, and what we can expect the next times from this stock. Currently, the overall main stock market measured by the major indices like the S&P or RUSSELL is in an important decision zone in the middle-to-long-term perspectives where it has more or less recovered from its downside with a currently weakening uptrend at the moment, it will be a huge decision if the main market can hold its established bullishness or show more bearish pressure as the crisis seems to slow down but has not come to an end yet. Taking these overriding factors into consideration the market is presenting us stocks which were heavily damaged by the corona-crisis and stocks which held their pace and besides that making good gains in the short version stocks which are stronger than the main market, stocks which are neutral to the main market and stocks which are weaker than the main market. Therefore we can divide these stocks and take advantage by hedging with shorts the stocks that are weaker than the market and long the stocks which are strong when the main market should provide further bullishness in the schedule. A good example of stock on the short side is GM (GENERAL MOTORS) which is sending clear bearish signals at the moment with its trading clearly above the all-time-high and confirmation below the preliminary important 60-EMA you can see marked in my chart which brought the first sell signal. Furthermore, GM is building up a huge bear-flag here with a very weak uptrend within this channel. The bear-flag scenario is supported by the fact that the stock is below the over five-year-old mirror level you can see in my chart marked at the 27.8 which is strong resistance and is corresponding with the 20-EMA that is marked in green overall building a bearish confluence cluster here which will highly likely confirm. This formation can be traded on the short-side with entry after a clear break of the lower boundary from the stocks bear flag. As the aggressive immediate entry approach is also possible here traders should decide on individual risk preference. Looking at the car-industry at all we can take note that stocks like TSLA just jumping to the roof which can indicate a confirmation of the theory that electric car producing pushes more and more to the upside while classical fuel loses more in relevance which is also showing up in the stock market, what do you think about this theory? Is classical car producing an everlasting hero or will the new electric car technology take over? Please let me know in the comments. In this case, we see also the big differences between the stocks and their further outcomes while some looking really bearish there are others which just jumping to the roof also in a similar sector. This is a big development of the crisis which is completely fitting into the financial breakdowns we saw in stock history where there was a sorting out of companies and their stocks a similar mechanism is happening now, therefore it is important to take a well established and thought out approach in the markets to profit out of the volatility coming in and to diversify by hedging in both direction than only think in one direction and just cross fingers that everything moves according to one's perceptions. In this manner, thank you for watching, support for more market insight, have a great day and all the best to you! The ambition to transform opportunities into gold remains the most significant tool for a trader. Information provided is only educational and should not be used to take action in the markets.by VincePrincePublished 4493
$GENERAL MOTOR Potential 12% Profit$GENERAL MOTOR Potential 12% Profit Good Morning Guys, Im looking Close to $GM a nice buy opportunity could be made at actual price. SWING Position could be profitable for a couple of weeks Looking Our Heat Map We See: 45 Minutes 2 Hours 4 Hours 12 Hours Longby Anderson-FXPublished 2268
GM Affected by coronavirus?At around March of this year, General Motors has taken a fall which could be due to the Coronavirus. by John224567Updated 6
GM Defense Awarded A $214.3M Contract To Produce The U.S. Army'sGM: General Motors Co. 2020-06-27 11:03:00 GM Defense Awarded A $214.3M Contract To Produce The U.S. Army's Infantry Squad VehicleLongby JetEquitiesPublished 3
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 Chryslerby MaurielloPublished 5
GM ShortGM looking weak here on the 4hr chart. Looks like we can expect a test over the coming day of the support at ~24. If that support fails expect a bounce at the support zone of 22.50. Best of luck. Shortby Parad0x_Updated 8
GM: Don't bet against Pickemup Trucks!Cyclical stock, truck sales booming online with retail stores closed, lol. Buy em sight unseen, delivered to your door! Downside at the gap from 22.68, could fill, would be a buy opp if it does. H&S pattern evident, stock had unsupportable runup, trades at fair value. Either get a bounce from $25 headed back to $35, then $40 at cyclical highs, or 10% correction to fill gap then bull again IMO. In the Aug $25 calls, short Jul 28s in $3 bull spread for under $2 premium. Keep shorting weeklies against the long contracts to pay for them. Bought shares in a covered write as well. Just an idea; not investing advice; trade at your own risk! GLTA!Longby DaddySawbucksUpdated 2211
$GM Reversal setting up in General Motors Possible reversal setup. Stock has found support on Fibonacci level Rising trend-line. 50 Moving Average Possible long above $26.00 Upside Target to $30.00 PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.Longby BullishchartsPublished 3348
GM UpdateYou guys know I play with this almost every week, lol. Though ES and RTY went oversold today, NQ, FDAX, and HSI haven't gotten there yet, so possibility of one more gap down before a reversal. This pattern looks eerily similar to the initial COVID tank. If the market finishes near the bottom today, I'll probably take a double or nothing one day bet with puts at EOD for $3 or 4k. Usually I would play the bounce on a selloff like this but something tells me there might be follow through.by hungry_hippoUpdated 13137
GM head and shoulders dumpingMy target is the 14-15 dollar range and I do expect it to hit that range within two weeks. Shortby ChronicMasturTraderPublished 8
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. Shortby ChronicMasturTraderPublished 5
$GM$30 level could act as a resistance level if second wave fears come back, or factories close down due to infections within, earnings are going to be a big watch for this profit pumping company, investors are going to want to see cash liquidity. if price closes above 30$ it will show investor confidence within this company. by testrellaPublished 6
GENERAL MOTORS (GM) Important Breakout! hey guys, GM has just recently reached a key weekly/3 day/daily structure. significance of the level is confirmed by the strong bearish reaction from the underlined level. yesterday the price broke below a support line of a rising channel on 1H. we have a 4H/1H candle close below that so the breakout is considered to be confirmed. I believe that during the US session today the price may drop. goals for sellers: 27.0 25.85Shortby VasilyTraderPublished 4452
Bearish GM on impulseIt's a bullish trend, so bearish with monitoring.Shortby UnknownUnicorn146071Published 7