GM: Great breakout opportunity
Updated
Go long GM if we break out above last week's high here. Stop should be under last Friday's low.
Valuation is excellent for buys in GM, since they are currently extremely profitable and with great yield at these levels.
We can expect a nice rally to 33-35 without much problem.
Good luck!
Ivan Labrie.
Valuation is excellent for buys in GM, since they are currently extremely profitable and with great yield at these levels.
We can expect a nice rally to 33-35 without much problem.
Good luck!
Ivan Labrie.
Comment
Nice! Looks good.Comment
Closed above resistance, very promising.Comment
At earnings resistance, let's wait. It'll take a while to break up.Trade closed manually
We can exit and reenter later on.Trade active
Trade active
Longs in profit here, we got back in a timely manner.
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