General Motors HarmonicPlease like this if you agree. Possible announcement of General Motors developing ventilators for shortages in the US. What appears to be a bearish crab formation is forming in its early stages. There is potential for this to fail, but its right at the point of where it hangs and shoots up. The gains could be realized at minimum 18%. Crab formations can reverse despite being bearish and continue much larger and stronger moves upward, but remain cautious as it completes. BTC just did this not too long ago...and continued upward... (This is not financial advice)... Longby Moorsc0dePublished 226
GM Bottom IndicatorLooking at various stocks to see if we've hit bottom yet. Last week I posted MU, this week it's GM. We're close, but doesn't look like we're there yet. Note tha in a recession GM could break through the previous support. The company tends to lose money if sales fall because they have a lot of fixed costs. BTW, look at the indicators.... terribly oversold but doesn't seem to matter.by hungry_hippoUpdated 2
GENERAL MOTORS CO (GM) DailyDates in the future with the highest probability for price direction reversalsby DinjinPublished 3
GM Pennant breakdownLooks to me like we have one more down day GM options are still cheap, puts or calls unlike index options.by hungry_hippoPublished 4
$GM Long above 36 targeting 41-42 Bullish pattern Good RSI-Stochastic with overbought MFI . The entry level above red resistance line targeting main recent top between 41-42 which is around (+20%) of current levels with stoploss at 34 (-2%)Longby WinnerTrader99Updated 4
GM continued downward trendMultiple indicators suggesting continued downward pressure. The $33.63 are is support, with $33 picking u the load if that fails. At that point I will look for a possible reversal.Shortby Apollo_721Published 4
Help me look for new stocks to analyzeI'm running out of ideas, now that SQ and AAPL appear played out. Also, GM isn't moving as much as it used to. Ideally, I'm looking for stocks like GM, UAA, and SQ, with good options liquidity, low premium, and small spread between bid and ask. It also has to make big moves, otherwise there's no point in buying options. If you have any ideas, post them here or message me please.by hungry_hippoPublished 227
GM CoilingGiant 6 month pennant, into next week's calls, though as usual I'll probably just flip then tomorrow, lol. GM options are cheap with good liquidity and small spread between bid and ask. I mentioned this in my ES1 thread, but here's the chart. When this pattern eventually breaks, the move is gonna be HUGE!Longby hungry_hippoUpdated 335
The yearly close looks Bullish for GMDespite recent bad headlines regarding a 900K recall from GM, long term this stock looks bullish. Longby UnknownUnicorn1495183Updated 8
GM - DAILY CHART Hi, today we are going to talk about General Motors and its current landscape. General Motors is poised to receive increasing attention from the market as relevant events are taking place. The auto sector has signaled a yellow flag for the market as a confluence of data raises the inherent risk of the sector. The US Auto Loans Delinquent by 90 or More Days for the third quarter of 2019 edges a new record high of 4.71%; also the New York Fed survey of consumer credit has shown a spike in the rate of auto-loan rejections to 8.1% early this year, a discrepancy from 4.5% reported in the same period last year. A context that can represent an upcoming slowdown of sales on the sector and possible an increase in the risk of the company acquire bad debt, possibly implying in distressing days ahead for GM. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.by Igor-SilvaPublished 35
GM with Fibonacci Retracement PredictionGeneral Motors with Fibonacci Retracement: .618 - $36.50 .5 - $36.66 .382 - $36.82 MACD Shownby SaintJosephPublished 5
New strikes = bad newsDespite the fact that GM is expectin things to be back to normal in a few more weeks, the strike cost General Motors has already reached $2 billion in production and cost employees nearly $1 billion in wages. One of the custimers said one vehicle was in the shop for 28 days waiting on one part to come in. Quick reminder: United Automobile Workers (UAW) has called strike against General Motors on September 15. The union represents some 46,000 auto workers who are striking for “fundamental rights of working-class people of this nation,” according to UAW vice president, Terry Dittes. The decision to strike came after a meeting Sunday morning at GM’s Detroit headquarters where nearly all of the 175 local union leaders present voted to strike. The strike does not affect Ford or Fiat Chrysler, which extended contracts with workers before the meeting... Shortby Market_RefereePublished 5
GM Bounced off supportGm bounced off support and is a current uptrend. Longby ReversalJerkPublished 4
GMCO34SHORT to ~~ 145.00 After the addition of this mark, it is possible to increase up to 150.00 --------------------------------------------------------------------------------------------------------------------- This article is not an inducement to act. I am not responsible for your losses. ------------------------------------------------------------------------------------------------------------------------Shortby davidychskrPublished 6
Strat 2- GM 38 Put -> PT 37.41, 37.21(1) GM price up after ER but the guidance is not so bright - China uncertainty + Strike impact (2) Morning made lower low 8:30-8:45AM LA time. (3) Entered Trade 38 Put for .35c, SL .20c (Reached, but did not sell, held til EOD,; Would have re-entered EOD at .25c) SL: .20c PT: .75(If strong momentum + Bot Consolidation, Trail Stop here), .90 RR: 1:2.67 , 1:3.67 Scenario 1: Break below 38.09 and reach PT Scenario 2: Reach .20c SL, re-enter at break below 38.09 If no break below, Enter Call Debit Spread 39-40 or Credit Put 38 at Break of 38.7 HODby hshum2018Updated 3
GM: Short-term Long; Long-term ShortThis is not investment or trading advice. Always do your own due diligence. GM is obviously trading upward within a rising channel over the shorter term. I plan to trade the rises and falls, so long as it respects the channel. I do believe it will break to the downside ultimately. The company, over the longer term(10yrs) isn't going to be appearing in my portfolio unless it starts amortizing its debt more agressively. Right now they are agressively financing their expansion with debt and I'm personally not comfortable holding companies with more debt than equity. by em2719Published 3
Downside Favored Post-Earnings Heavy buy volume followed by bottom wedge rejection implies favored downside as we head into earnings. $32 target.Shortby huntertradesPublished 1