4GM trade ideas
GM Swing Idea$60 call expiration date 7-23. MACD crossover the signal line. Paraboloic SAR showing. Price sitting above the 200 MA. Lets go
GM - time to bounceDecent buying volume on the last pull back
Strong support level
Upgrades
Earnings in begin august, and GM delivered good earnings last three times.
Pre-earnings play, back to at least 65
General Motors (GM) Stability is the name of the gameThe old&good stock continues to be stable for the long term and marks a target for the third quarter of the year.
Trade safe
NYSE:GM
target is %8 in 21 days to $65 GM in a flag and the breakout target is a fib price target level
doji on the daily looking for the push higher in coming days
a lot of analysts have targets around $70
GM BULLISH - BROAD DESC WEDGE - IF SPY CAN HOLD UPAll,
I think GM is pretty bullish here already in some call options. Of course SPY crashing here / dipping may cause some issues as you can imagine. Have to wait and see. Otherwise I see this ripping once it breaks the channel back to 63-64
Bearish outlook for GM. GMWell, for the next week anyway. ABC zigzags are underway.
Fibonacci goals are in green, and invalidation is in red. We know of no more powerful tool in analyzing the markets other than NeoWave / Elliott Wave theory when correctly combined with a few tools in out belt. Make sure to remember that this is not financial advice, and we never give financial advice on this channel. It is your job to create or seek out your own. Good luck out there and be smart!
Parabolic steps on GMLooks like GM has been making Parabolic steps on to the final step and usually has a last push and target I am seeing is 67-69. after that big opportunity to short. gaps to be filled. so for now short term long.
[Trading Review] How i traded Today June 3, 2021This is how I traded Today reviewing ym winners and loss hopefully you guys are able to understand on how I trade.
GM Double top?Stock doesn;t even seem to care which way the market goes, just keeps melting up.
Picked up next week's calls as a day trade but leaving the position open even over the long weekend.
GM - potential buy area, I'm bullish. LONG.Pretty good trend continuation pattern forming here. 54.00-55.00 still remains strong support zone.
So I consider that S/L here 53.50. Long-term idea.
Technical analysis update: GM (26th May 2021)General Motor remains in neutral trend. It currently trades within rectangle formation. Its ADX is very low, however, crossover in DMI points to possibility of new trend. Furthermore, RSI, MACD and Stochastics turned bullish over last month. We believe that GM has solid chance to pierce above resistance at 59.10 USD. If this resistance is taken out we expect more upside to come. Our short term price target is 60 USD per share and our medium term price target is 62.50 USD per share.
Our previous thoughts from 27th April 2021:
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.
The outcome depends on the broad marketThe title says it all.
If the market correction stop, we will break the upper resistance at 57,04 then it will look extremely bearish.
If we manage to go below the previous low (54,05), then there is a high chance for more correction.
Diamond TopVolume19,014,778.00
Float 1.3B
Close price53.76
A diamond top is a sign of a reversal upside looks to be 3-5% or 58.26
