1GM trade ideas
$GM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $GM after a Negative over reaction following its earnings release placing the stock in drift C.
$GMLast week (previous candle), we have located a potential market anomaly. A shooting star candle with above average buy volume. I feel like bulls that missed out or still attempting to squeeze juice from the July 11th rally may get some tough days ahead. Price could continue to rise a small bit. However, we are waiting on distribution which should take us to the 2nd wave. We don't know how long this will take. The RSI K/D is starting to cross down from an over bought stance. We are looking for price to reach $35 to $37 at some point. We just completed an ABC expanded flat on the weekly and will be patient to see if a new impulsive wave is coming down the line. At this point, we will be looking to trade each wave so I will update as we go.
What do you think?
GM LongGeneral Motors have been recently getting very good news this past few weeks and I feel as if they are going in for a good upward spike. Their revenue is very consistent annually and is mostly on the positive side. Their publicly traded debt is over $100bn but their bond rate has been kept pretty consistent lately. This could take a few weeks, even months, but I can see a small continuous downward position, then a switchback.
GMGeneral Motors (GM) poised to continue its rally if it breaks above $40.28. If that happens, there is a possibility of a trend continuation either towards $43.24 or $46.74. In contrasts, a daily close above $37.29 may provide short selling opportunities with a potential retest of $34.31 support. A subsequent daily close below the first support could open the door towards the year to date low of $30.33.
gm 2 scenariosgm 2 scenarios .. 1] buy above the resistance 1 and 200ma .. 2] sell after the break under the support 1 and 200ma ..
GM UpdateSo a month or so ago I pointed out that GM hit the preCOVID support and that the easy money was done.
So here we are, I think we're back to rangebound trading, I think the entire market more or less bounces sideways for a while after next week's CPI numbers.
I'm bullish until Monday I think then the market is gonna bounce around. Gotta look for opportunities like the WMT chart I posted a couple of days ago. Guessing market direction will be tricky from here on....
Long GM nowThe end of the negative trend?
The wedge shape seems to be broken, the movement of the indicators confirms the change. The exchange rate is looking for a direction.
The next 5 waves emerging?
The largest investor also bought it (W.B.).
$GM General Motors holding supportI wouldve really loved to see this come down to the .886 but it seems to be holding a very critical level for now, with triple hidden bullish divergence as the RSI begins to break above the moving average.
GM (You like the Shoe?)We may be around an area where there is usually a good amount of sell volume. We are also on our third green wick'd candle within the last day. Of course we are overbought on the RSI and our current wave may be at its 161% threshold. I believe its a reverse abc pattern. Price is definitely at an important level where we should be able to see if price can push through the trend line. Until that point is proven, I'd like to see it test its recent low. Let's see how the open goes. Not advice.
General Motors - Trouble brews in the auto industryThe prospect of a recession hints at hard times ahead for auto producers, including General Motor Company; over the past six months, this stock lost more than half of its value. Additionally, it continues to constitute new lows, confirming the presence of the downtrend. As a proxy to that, we are bearish on the title and expect worsening economic conditions to impact the auto industry very negatively in the short-term and medium-term future. Therefore, we would like to set the price target for GM to 30 USD and 29 USD.
Illustration 1.01
The picture above shows the weekly chart of General Motors Company. It also shows two simple moving averages: 20-week SMA (blue) and 50-week SMA (red). These two moving averages continue to confirm the medium/long term bearish trend.
Technical analysis - daily time frame
RSI is bearish. MACD and Stochastic are neutral/slightly bearish. DM+ and DM- are bearish. The ADX grows which hints at the increasing momentum. Overall, the daily time frame remains bearish.
Illustration 1.02
The weekly chart of GM stock shows the staggering loss of approximately 54% within the past 189 days.
Technical analysis - weekly time frame
RSI is due to pierce through 30 points, which will further bolster the bearish case for GM. Stochastic, MACD, DM+, DM- are all bearish. Overall, the weekly time frame remains bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
The easy money is over - GM plotI think the easy money is done, a lot of stocks are back to preCOVID levels, and some are (deservedly) below like PTON (lol)
There's a pretty good chance the market just goes sideways here unless there's a recession (or projected recession)
GM UpdateGM has been fairly strong here in this crap market, holding support. Today's low was actually higher than yesterday's.
Hoping for an inverted H&S pattern here, $33 target if the market goes green tomorrow. Safer play is next week's calls or just buy the stock.
Analysis On GM we see on the chart that the vwap indicator was forcefully broken by the sellers. However, if the support line is also broken forcefully by a large candle and followed by large volume we will have a downtrend. But, as we say, we must be careful because we can also have the break of the resistance line as well as the vwap with force by a large candle and accompanied by a large volume, hence an uptrend. So said, you have to be really patient so that all the conditions are met. thank you.
gm buygeneral motors buy .. buy after the break above the resistance 1 and 50ma .. finally target tp4 ....
Good opportunity of sellingAs you see on the chart we have a good opportunity of selling after a breakout of vwap and the support line.thanks.
$GM Analysis, Key Levels, and Targets$GM Analysis, Key Levels, and Targets
Dang… it’s so fun to look back at my old projections and watching them play out… I don’t always play them…
Target 4 & 5 I have alerts on…
Anything underneath that gap is a screaming buy… that’s also another 28% down….
Play what you see…
What sectors do you guys see doing well in the next few years... I'm sorry I've been slow to respond to comments lately... I do try, as time permits...
Happppy Juneteenth, y'all...
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
What wil General Motors do?I share TWO of my IDEAS!
1. First Option (1 YEAR)
Is done by looking at the Financial Health, Historical DATA and
calculating its Fair Value Today
2. Second Option is a Longterm Investment. That depends on the Market and Growth of GM
Disclaimer;
NO ADVICE TO INVEST and TRADE SAFE!
