4GM trade ideas
GM, GM? really?Yea, Ive never had GM on my watchlist before. But if the market starts to show weakness, and this continues to hold, it'll be worth looking more into and possibly take a position. Currently I am pretty full, but if I get stopped out on a position or two I may enter.
Can GM hold the highs?We entered at a great time early last month. We obviously did not predict the election and vaccine news but that is the beauty of markets. Sometimes you get upside surprises. The question is what to do from here? Based on our model we think as long as it holds the $41.50 area it is safe position to hold.
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Our model focuses on the current sine wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat
GM
General Motors Company is engaged in the designing, manufacturing and retailing of vehicles globally including passenger cars, crossover vehicles, and light trucks, sport utility vehicles, vans and other vehicles.
1-Year Return 10.76%
3-Year Return -6.13%
5-Year Return 13.35%
5-Year Revenue Growth -11.99%
5-Year Earnings Growth 58.03%
5-Year Dividend Growth 26.67%
It looks like volatility is contracting.
Will be very interesting to see what happens with the autonomous driving. I still think TSLA will be the winner in this space.
abcnews.go.com
GMInfo only, not advice.
Nice pause during the uptrend and consolidating well.
Recent news about them not working with Nikola will be good news in the immediate term as Nikola continue to drop.
Stochastic RSI is low and price is hitting higher lows.
Expect a break in the next week or two.
3 x target levels based on fib extensions at 0.618, 1.0 and 1.618
GM - H chart Prices formed the flag pattern, which is a complement to the upward trend, and what distinguishes this pattern is to quickly reach the target
The breach of 44.60 targets 57.10
Stop loss if it closes below the support 43.65
There is a daily GM analysis. Please review it
GM on good trendGM above 50 day, 100 day and 200 day MA's and it looks to me like it broke above an already upward trend on the daily and weekly. I am super amateur, but this one looks bullish. We will have to see what happens with NKLA potential deal.
GMTICKER : GM
DATE : 18/11/2020
PRICE : $43,78
TRANSACTION : $153 230 000,00
AVERAGE TRANSACTION : $9 341 306,48
MAX : $182 759 720,00
% OF MAX : 83,84%
DIFFERENCE FROM AVERAGE : 1640,35%
almost therea break over 42 can take this to new highs by the time the weeks up. congrats if you are in ! :) gl! leave a like <3
long term trade so looking over financials for GM they have a 9.1 Billion in open cash flow for operations. sales came in bigger than last year so i do expect there to be a small drop im going to do a long position at around $37 to $40 and then exit at around $50 per share so i did use the fib retracement to show where i think itll go short term but over all i think it will go long
GM: Ascending Triangle, confirmedAscending Triangle, Confirmed
Pros:
Descending volume during formation
Peak volume at break out
PPS above 50MA and 200MA
250RSI above 50
RS ascending and above 0
ATR ascending, more volatility
R/R ratio above 16
Cons:
200MA descending
Targets:
PT1 = 38.50$, filled
PT2 = 41.76$, filled
PT3 = 44.92$
PT4 = 50.53$
Ford: Cup & HanddlePrice seems to drawing cup & handdle pattern. Posssible enter after brakeout of $38. On the european session hanndle is clearly visiable.
GM earnings surprise beatGeneral Motors (GM) reported 3rd Quarter September 2020 earnings of $2.83 per share on revenue of $35.5 billion. The consensus earnings estimate was $1.47 per share on revenue of $38.0 billion. Do your own due diligence, your risk is 100% your responsibility. Good luck and happy trading friends...
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7pt Trading compass:
Price action
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Current events
Revenue & Earnings
Debt / Cash
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7 Common mistakes:
FOMO
+5% portfolio trades
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$GM General Motors Trade Setup
Ford results will help boost the sector today .
Potential long Entry above $35.28 with upside
target $37.70
Indicators have bottomed and in reversal.
GENERAL MOTORS IS A GOOD BYE HERElosing the long time battle with the 350 MA
still under the water line $36 not expecting it to make it there but possible short squeeze?
350 MA just may be the top for now
$GM the battle of faith$GM has always been a good indicator of $DJIA and the way it could move in the future. Last week swing high in this stock is highly unusual taking into an account indebtness and GDP fall and consumers uncertainty invoked by COVID-19. 38-38.4 is that magic line this stock needs to cross above or te be rejected from. It will be good for trading.
GM on watchBreakout today with unveiling of the new EV Hummer. Like it long right away if it can hold the box then break above.
If price falls below the box I will look to go long from one of the lower targets.
GM looking for retracement as part of larger 4 wave, target 28.5EV Hummer was great catalyst to propel wave 3, now looking for a slight retrace around the 28 region. Copyright Rohan Karunaratne 2020
