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4GM trade ideas

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
NYSE:GM
by rnaofs
2
$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 ——————————————————— 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.
NYSE:GMLong
by PaperBozz
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.
NYSE:GMLong
by TradeVibez
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.
NYSE:GMLong
by Tradersweekly