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GENERAL MOTORS

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1GM trade ideas

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... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, risk management Beware of analysts motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel www.tradingview.com
NYSE:GMLong
by Options360
8
$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 .
NYSE:GMLong
by Bullishcharts