1GM trade ideas
GM WEEKLY CHART.looking for a buy entry signal on the daily or 4-hr charts of GENERAL MOTORS as price seems to be stalling at an important level which has held well a few times in the past...
adding to the above , based on pattern trading methodology, price has come to a completion of a bullish cypher pattern( IN BLUE)..at D..
GM: Current Situation, Looking For Longs In Near FutureFriends,
Looking for an entry to the upside, waiting for a downside pullback first before I commit any funds here. Looking for the pullback to come in at around 34.40's
I want to see a move down one more time, and to see some criteria filled to get me into this stock, these notes are found on the chart.
A lot of average traders would see the last couple days of buying and assume something is happening. Whilst it COULD potentially carry on upward, it's too risky for me, and I don't take risk like that on stocks, when I can easily find a better stock for today, and wait for this one to do something more reliable.
Tom
GM: High Probability Trade To The Upside!Friends, Looks like a safe time to look to buy GM for many reasons, as outlined on the chart.
Liking the strong confluence, strong MA test, and the accumulation at the 200 which gives more clarity.
Good luck trading,
Tom
General Motors -GM -Weekly - Turning up from 11% correction GM has suffered relative to the rest of the market, probably due to its US Government shareholder position.
Look at the various positive points here:
1. Consistently profitable - note the 4th pane which shows after-tax profits margins
2. Revenues slowly growing. Not much growth, but not declines.
3. Turning up after a steep 31% correction into the 4Q of 2014 from 42 to 29/sh.
4. The overall market is closer to 2 times sales, but GM trades for 0.37 times sales.
5. Closing above last week's trading range = a signal that the correction may be over.
6. Upside to $39, downside to $34.50 or roughly 3:1 upside/downside ratio.
Tim 2:27PM EST Friday, May 22, 2015 35.71 last GM
GM - Review of Entry Long in October and Exit in February -RatioHere is another way to look at trade ideas - relative to the S&P500.
Ratio charts allow you to quickly see how one asset is performing relative to another and if you go "LONG GM" in this example, you are really choosing to own GM instead of the "Market". So, it is important to be good and make money on your ideas, but if you had made more money by just owning the market, then in reality you really aren't benefiting from all of the hard work and effort of stock picking.
You can also see that since exiting in February GM has fallen relative to the market. I can add GM and SPY to this chart so you can see which market drove the ratio up and down, but in this case GM has fallen and the market has risen since February.
Small note: I multiplied GM by 100 so that the resultant ratio would be similar to a stock price that you are familiar with: 16.76 last instead of 0.1676.
The ratio changes are highlighted using the "Price Range" function on the drawing tools menu.
Wishing you all success, relative to the market.
Cheers,
Tim
April 24, 2015 11:46AM EST GM*100/SPY = 16.77 last
Increasing short exposure with GMToday's weak market had me looking for shorts, and this is what i found so far:
An 8 day run up has been broken at a key resistance level.
6 days before earnings - the price should be rather directional at this point - if the idea is wrong, then the exit will be quick, above the current swing high.
Has been relatively weak since mid march, which is a good background for this trade.
GM Day Trade Gap N Go (Brad Reed Apr7,2015)GM expected to open at 35.97 for a Gap N Go. To learn to trade this strategy for free go to www.RealLifeTrading.com
General Motors - GM - Republishing Buy Signal from OctoberGraphing fundamentals is extremely important for an investor. You can see important levels that matter to other fundamental investors.
The reason for GM's recent strength may be simply from falling crude oil prices and still low interest rates along with generous financing available for automobiles.
Given the sharp drop in crude oil, I think the best days for this trade/investment are behind it and I will be working on reasons to sell short GM over the next week or two, especially as momentum dies up here and the valuation metrics get a bit stretched. 20% return for a solid company like GM is an excellent risk/reward opportunity.
Cheers.
Tim 1:25PM Friday, February 13, 2015
$GM bullish vs. bearishLooking at the 1 year data, $38 is a huge resistance area. Breaking and staying above $38 would serve as a strong support, and would lead to mid-term bullishness, however, the volume is dropping. Otherwise, expect to see some consolidation just under $38 or possible bearish reversal. Stay tuned.
GM Day Trade Retest Gap (Brad Reed Feb10,2015)GM expected to open at 37.33 for a Retest Gap To learn to trade this strategy for free go to www.RealLifeTrading.com
GM Retest Gap Day Trade (Brad Reed Feb4,2015)GM expected to open at 35.35 for a Retest Gap. To learn this strategy for free go to www.RealLifeTrading.com
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.
GM ready to motor$34 key level after Fridays move up over 200EMA and high volume with price finishing near highs. Although ex-div today a $35 bought call may be interesting on a break of 34
higher low@ resistance, in a bear market.The chart shows gm price (higher low) at a resistance level. Also, it explains a scenario of price taking out the current low, and where a level to watch to indicate if the sellers interest is now longer as strong.
General Motors -GM - Daily - The magic 85% of book value buy sigThe MAGIC 85% of BOOK VALUE LEVEL
Has NAILED the bottom the last 3 times.
Do you think fundamentals matter?
Yes they do.
Tim
10/23/2014
I published this yesterday morning but somehow it didn't publish. So, I understand if you feel that this is "late". GM is over $32 pre-market this morning on earnings release.
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.
GM shortI will look fro swing possibility under 32.80 based on daily triangle and enough room for move to $30 area what will be target area. Also for today I have MGM as short and PII long and charts can see on site (FREE)
