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.
In the long term,
Yield is excellent for a company this size, I'm fairly confident that it will gain traction soon.
Cheers,
Ivan Labrie.
Note
I am pretty sure Note
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.Related publications
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.