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4GM trade ideas

GM backslides to target levelGM shares stopped falling in mid-October, bouncing off USD 30.50, a strong historical level. Attempts to break out of the falling band YTD were blocked at the USD 33.80 local resistance level. At this point, the band, within which GM tried to trade up, was breached to the downside. The stock has already retraced to the breakout boundary. Investors can short the stock at prices close to the current levels with the target noted above. The stock is very likely to retrace to USD 30.50 and try to break through this level. My forecast participates in the Market Forecaster contest. Follow the link s30548462907.whotrades.com to vote for it and help me win the top prize. Thank you.
NYSE:GMShort
by deger
Trouble ahead for GM10-1-14: With any broad market weakness, or perhaps just the lack of market strength, GM appears to likely break a trend line that has been important since Jul-2011. With the current wedge being formed the final price objective would be 21-22 range. The first initial drop may take GM to the 27-28 range where there has been support/resistance found in the past. This 1st move could happen quickly if the trend breaks. Final target would be around the 22-22 range. No positions yet on GM but something worth watching. If weakness from yesterday continues with a further drop below the trend then a re-test and subsequent failure to recapture the trend may be the cue to position for the downside.
NYSE:GMShort
by SMP99
GM - Double bottomThe weekly chart says nothing The daily though has a very bullish pattern, double bottom with divergences on all oscillators, at a very important support area. Secondly, the Weis Wave has a bullish pattern too. I'll explain using the numbered wave labeled on the indicator. 1 - normal selling volume, higher than previous buying waves, but no real progress made. 2 - Bullish change in behavior, the highest buying volume GM saw since May. 3 - Price came back to test the level at which wave 2 started, but you can notice how small this wave is = low volume pullback. 4 - back to green Look for 35$, and 38$. I believe 38$ is a bit too much, this is not a strong stock. If the impulse becomes red again, this will be a losing trade.
NYSE:GMLong
by vlad.adrian
6
Time to Buy $GM?Probably yes, but the chart still warns a possible leg down from here which may be even an opportunity to buy. When it comes trading, its all about your time horizon or time-frame for the trade. If u want to quick in/out trades you just need to have set of indicators, u will have a good chance to win most of the time. Here, the recall had strong effects on the company's bottom line as we have seen last week's earning. With all the drama surrounding the recalls and how long it will continue, the company still managed a strong sales, significant growth in China, strong balance sheet, positive free cash flow plus a great dividend. With these in mind, price hovering technically above May low n above recommended 25% projected bounce, we still another retest of July high. Stay tuned to see more like this and follow us.
NYSE:GMLong
by Xafada
1
General Motors GM Daily - How to Capture Trend Using Range MovHow to Trade - Steps #1 through #4 ---------------- #1 - Calculate the Trend - Up or down #2 - Wait until a low-risk time to enter #3 - Calculate how much to trade (fix your % risk to the distance to the stop loss order) #4 - Know when you need to exit (3 average true ranges, 3rd range upon entry, CCI readings +100/-100) GM is in a long position using this handy methodology: So, #1 - Track "Range Movement" and if it hits a 60-day high or low, that is the trend. #2 - Then buy turning up from oversold in uptrends. I use 21-day CCI under -100. Or sell turning down from overbought in downtrends. I use 21-day CCI above +100. #3 - If you have $100,000 in your account, risk 1% per trade (one possibility, but I'd suggest 1/2%). Buy or sell enough stock to lose the proper amount of your portfolio if the stock hits your stop loss. If you risk $1.00 per share, then you'd buy/sell 1000 shs. #4 - Exit: Target the opposite end of the CCI spectrum. Buy @ -100, sell at +100 on CCI(21). Sell @ +100, Cover @-100.
NYSE:GMLong
by timwest
1
General Motors GM Daily How to make money the old fashioned way.... I know the saying is "...to earn it." Courtesy of EF Hutton's famous 1980's tv commercials. But in some ways this is EARNING the money because in order to make this profit you need to become the insurance company. Being an insurance risk manager is a full time job and this trade may seem boring, but it does involve some risk. The key here is that you have to have enough money in your account to stand ready to buy the shares of GM at the lower price, in this case $27/sh. Every contract you sell, you earn $0.55 (current bid) or $55 and you then are obligated to purchased shares of GM for $2700 until December 20, 2014 when the contract expires. That is more than 20% below today's prices and at that level you would be earning a 4.44% dividend yield, which is very attractive. You would also be buying GM shares at the same price that the company stands ready to buy them for their treasury account. I think that makes sense to me. The $55 earnings is what you earn for insuring against a severe market decline. GM has already declined from an outlandish $42 a share in December and touched as low as $32 in the correction. I think this $55 return is better than holding T-Notes. Sometimes boring is good. This is a limited-return, boring strategy, but it works. Consult your financial advisor to see if it is right for you. Tim 10:53AM EST 5/12/2014
NYSE:GMLong
by timwest
General Motors - Weekly and Daily say shortI'm not going to take this trade, as I am allready short the Nasdaq, CME and long Gold, and I think it's enough. The correlation between the overall market and the GM Company alternates. It switches from long periods of correlation to long periods where they move in different directions over the weekly charts but swing together on the daily chart. Last months there was a strong decorrelation. The S&P is close to its all time highs, but where is GMC?? This is a clear sign of weakness. The weekly chart of GMC shows weakness too, notes are on the chart : On the daily chart, there is a return to the Wave, a falling histogram and a divergence on the sensitive 2 day FI. Volume was very light during this rally. Even though I won't be trading this, I will set up a trade plan so I can fully review this later. 1 - Get long tommorow at the best price possible, below 35.30. 2 - Set a stop at 35.90. 3 - After a close below 33.50, move stop to breakeven. 4 - Take some profits at 31.80. Move stop above 33.50. 5 - Take more profits at 30.40. 6 - Keep a small part of the position with a stop under the closest daily swing high, targeting 27. 7 - Add only under 31.80.
NYSE:GMShort
by vlad.adrian
6
General Motors GM DAILY EXPLOSION PATTERNI can't add text to the chart at the moment - but I didn't want to miss posting this idea. It looks like GM just can't rally despite the surge back up in Ford (F). GM is struggling with the recall news and liability and lack of confidence issues that could arise from not changing out a cheap part. The 3 green lines mark the level where GM said they would buy back shares. So, I give that the bottom of the range. The upside is perhaps a retest of the peak there at $40. You can see the massive distribution zone marked in red that could easily be the liquidation by long term holders. For now, we have to assume that is what has happened, especially because the price is below that zone (the volume weighted average price of that time zone). I think it is clear that GM wont be at this price in the next 6 months. It will be either 15% higher or 15% lower, as I see it. Maybe that is a bold prediction but this chart pattern together with the news flow tells me this is what to expect. If you go out to June (3 months) and buy both the 34 strike puts and calls, you will pay 3.72, which means the market is expecting the price of GM to be +/- 3.72 from 34 by the 3rd Friday in June. 30.28-37.72 is quite a wide range. I think it makes sense to own both sides for a month and see what happens. If one side makes a big move, we can take a stock position to offset (buy on a dip) or just leg out of one side of the trade. Tim 11:57AM EST 4/2/2014 GM 34.54 last
NYSE:GM
by timwest
GM is setting up for another nice run towards 40GM is setting up for another nice run towards 40. As pointed out on my chart, back in October when MFI bottomed out at the 15 mark, it led to a 2 month run to north of $40. Now, once again, MFI have recently reached the 15 mark and also bounced right off of it. This is a strong bullish indication of a move up in stock price. OBV chart seems to have flatten out and the Accum/Dist chart is showing a slight increase. Meaning we are starting to see some accumulation of GM stocks at slightly higher prices. This is a neutral/small bullish sign for GM. I would like to see a continuing upward trend for both these charts. Furthermore, according to the classic MACD chart, 12-day line just recently crossed the 26-day line, which is always a good sign for the stock.
NYSE:GMLong
by JTPro