Ascending triangle and TK recross Ascending triangle and TK recross gives us a great entry opportunity with a stopp loss below the triangle at cloud level
GM trade ideas
$GM Sets Up Fresh Breakout Potential as Momo BuildsGM isn't a stock you normally think about as a momentum growth play, but the times they are a changin'. And this is one up day from a bullish ascending triangle breakout setup in the works.
$GM UPTREND - BREAKOUT TEST 001-003 - ATH TESTjust a simple TA for the week. Some breakout test and ATH test are to be monitored. Furthermore, another C&H pattern was formed in a 1D TF, in which a probable uptrend is expected.
GM, upward trend, high chance on ContinuationThis sunday GM had a super bowl that says many electric cars will be pushed out by 2023. this upward trend will be followed, and once broken downward. put into this
Possible Cup with Handle Pattern in GMNYSE:GM
Possible cup with handle pattern forming in GM. Nice Super Bowl ad.
GM Quick Dip?Seems like they have taken the correct measures in stay afloat. However, price is as high as it's ever been and I just don't see a continuation to the upside. Seems like they are depending on SUV sales and EV plans. Seems like a Hummer '21 release by fall. Earnings Report coming up. Q3 was strong for them. I'm taking an educated guess on price dipping down a littler after the released report.
What do you think?
$GM | Bullish Channel and Triangle: Watch For A Breakout$GM formed a bullish triangle, watch for a breakout to the upside.
General Motors Rev limiter pinnedI do believe GM is looking a bit spicy on this dyno chart
My personal opinion is nobody will want an electric GM car.
Maybe the new Hummer will do good, possible government contracts, etc.
looking for a correction to the $30 and below range
General Motors Co. Sunday, 31 January 2021
19:27 PM (WIB)
President Joe Biden has ordered the federal government to buy electric vehicles made in America with union labor. To be sure, Biden’s executive order, issued Wednesday, is designed to spur investment in the nascent plug-in car market and didn’t come with a deadline. So there’s time for automakers to adjust. Two of them -- General Motors Co. and Nissan Motor Co. -- announced commitments this week to produce carbon-neutral fleets in coming decades. Ford Motor Co. has previously pledged to become carbon neutral by 2050. And with a U.S. government fleet of 645,000 vehicles -- only 3,200 of which are electric -- there’s plenty of incentive.
Biden’s push could also help drive more domestic electric vehicle -- or EV -- manufacturing overall, given the scale of the government’s annual vehicle acquisitions, said Sam Ori, executive director of the Energy Policy Institute at the University of Chicago. “The federal government acquires 50,000 to 60,000 new vehicles a year, and, in an EV market where you’re looking at 300,000 to 350,000 units a year, an additional several tens of thousands could have an impact for manufacturers,” Ori said.
For further details information below:
www.gm.com
www.iea.org
uaw.org
Music background by The Beatles "Drive My Car"
www.youtube.com
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
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
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 $30 billion.
Potential fib retracement on GM Hi everyone, here is a potential retracement of GM showing it might hit that support line and hopefully shoot back up. This company has just recently been upgraded and has lots of potential to compete with Tesla’s cyber truck and Rivian since it’s coming up with the Hummer EV. Hopefully this helps everyone.
61$ PT, support todaywe found support today ,unless the decline continuw tommorow here are the local dips
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 Long-Term Breakout - A signal of EV shift!American car companies are shifting their focus to the EV revolution. Although future valuations may be wrong, the long-term institutional accumulation is bullish.
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...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
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congrats to anyone who played this, but consider taking profitsnice chart here but you need to be careful here, high rsi plus top trendline resistance, its not a good mix if you want calls! good dip entry around 45, can target 51 after entry but i think we see a dip here. goodluck!
GM Accumulation CycleGm accumulation cycle has ended and we are now enter the mark-up phase to what i believe will be the greatest breakout the market has ever seen. GM to 100+
