8GM trade ideas
When the Stars Are Aligned - Trade the High Probability 5th WaveOverview video on how stocks generally behave and how our Elliottwave Indicator Suite can measure that behaviour to identify high probability 5th Wave Swingtrading opportunities.
$GM General Motors is used in this great example where Paul also discusses managing this 5th wave trade.
GM Long-Term Breakout - A signal of EV shift!American car companies are shifting their focus to the EV revolution. Although future valuations may be wrong, the long-term institutional accumulation is bullish.
GM pops on news of self driving collaboration with MSFTMicrosoft is investing in General Motors self driving startup Cruise. Under terms of Tuesday’s deal, Cruise will use Microsoft’s Azure cloud-computing service to help it roll out autonomous-vehicle services. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
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congrats to anyone who played this, but consider taking profitsnice chart here but you need to be careful here, high rsi plus top trendline resistance, its not a good mix if you want calls! good dip entry around 45, can target 51 after entry but i think we see a dip here. goodluck!
GM Accumulation CycleGm accumulation cycle has ended and we are now enter the mark-up phase to what i believe will be the greatest breakout the market has ever seen. GM to 100+
Bad GM trade (how I gave the market my money)I thought I was trading a breakout.
Put a BUY STP LMT order at a level above previous level.
Issue is that I believe the STP LOSS order was to high.
Should have been a bit lower.
What should I have done differently ?
General Motors finally waking to EVThe Ultimate Stock Indicator Pro on Tradingview flashed a BUY signal yesterday, and there's a follow through candle today.
The 8 confirmations of the BUY signal also gives us a great entry point to rise with GM to their all time highs, going past their Earnings on 2/10.
Happy Trading, from CJ -- aka the greatest FURU.
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GM: Buy & Hold: USA By Sun Storm Investment Research
A Profit & Solutions Strategy
Disclaimer: I am not a financial advisor, so please do your own research before trading anything
$GM General Motors $55.00 Short Term Breakout target
Todays announcement regarding the new commercial EV certainly gave the stock a push
to a ATH, which is continuing in the After-hours.
The stock posted its first closing since Oct 2017
but however still remains within the upper trendline resistance.
Tomorrow we will look for a break above $50.00 for a possible add.
The first major Fibonacci target (blue) is $55.58, while teh local fib expansions levels must also be considered (yellow)
but it is wise to expect a back-test of old resistance before advancing .
Dwarf Star!! This should NOT look expensive to you GM is everything Tesla wished it would have been in its infancy. With infrastructure and established customer base, GM will likely beat Tesla in this sector in profitability and revenue. GM can only grow from here. I believe this is 300 in four to five years, and that is modest speculation. GM could become the biggest company in the industry of automobiles.
GM Pushing for ATHsGeneral Motors ( GM ). High detail count back starting from March. There's a ton of confluence at the 3.618 extension on major and minor wave structures. The supply zone (red line) is a weekly resistance, so a break past that GM can push to ATH quickly
GM - EW analysis - Up trend GM - It is in strong uptrend. The current price action is in 5th of 3rd wave up and going for higher high as target zone. Buy every three wave correction of respective cycles for target as higher high.
Give thumbs up if you really like the trade idea.
