GM: Rejoining the long side here, gradually
Updated
I like 
GM here for a bottom against the yearly mode support. It also coincides with a strong support from the uptrend off the 2015 low, which makes me think it won't go any lower than this, despite possibly ranging sideways for a while longer before shooting up with force.
In the long term,GM's valuation down here will let you sleep well at night, while waiting for the breakout in the quarterly timeframe. Target for it is over $57, so it will be worth it as a hold.
Yield is excellent for a company this size, I'm fairly confident that it will gain traction soon.
Cheers,
Ivan Labrie.
GM here for a bottom against the yearly mode support. It also coincides with a strong support from the uptrend off the 2015 low, which makes me think it won't go any lower than this, despite possibly ranging sideways for a while longer before shooting up with force.In the long term,
GM's valuation down here will let you sleep well at night, while waiting for the breakout in the quarterly timeframe. Target for it is over $57, so it will be worth it as a hold.Yield is excellent for a company this size, I'm fairly confident that it will gain traction soon.
Cheers,
Ivan Labrie.
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Bottom's in lads. I now have a full position, opened near today's low to add.
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I am pretty sure GM bottomed. Adding gradually.Trade active
The first bottom was a fake out, now I think this is the real deal:Huge level...I'm long from here, stop 30.17
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Uptrend back in play.
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I'm long and in significant profit here, added and trailed stops after reentering recently. It took a while to actually bottom, but now we're ready to move immediately higher.Comment
Good to rejoin the long.
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Excellent spot to buy 
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