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Generalmotors

$NKLA has earnings monday. What to expect!Asking ourselves "what value could NKLA bring to the ER" the answer is probably nothing substantial. The expextaions are low, so if they have made any improvements over the last few months perhaps we could see a break past resistance, BUT i doubt that. We are up against a major resistance and the only thing I believe that could save it is a the announcement of the GM deal. The chart is set up for some serious downside and ill be signaling in my chatroom. This could present the perfect straddle opportunity.
NASDAQ:NKLAShort
by SimpleStacks
Does GM have the strength to break out?Has GM ran out of steam a little bit at a critical point? Both the Fibonacci retracement (from the Feb - March crash) and the Fibonacci expansion run in June have a confirmed level almost on top of each other at $27.65 & $27.66, GM was able to break through but then got rejected at an expected $29 level as this is makes up a resistance triangle from February to June high and also a Fib level ($28.95) from the June expansion. The GM chart came to my attention as GM got flagged yesterday in a scan on unusual high volume call activity for " 3156(contracts) GM August 21 $28.50 Calls for .50 ". It's not a huge amount of money but someone does have a fair amount of confidence that the existing Fib resistance level will be broken again and the price will run up again very soon. Looking at where we are if it does keep above the current Fib level and then break through the triangle resistance then we may have a nice little break out on our hands. My indicators show this is still bullish albeit we are in a pullback so for me I'll be watching closely over the next week odd. I'm not a registered investment advisor so as always please do your own research before putting your money at risk.
NYSE:GMLong
by gary_trades
3
GM Motors Lets Pretend for a second. we are gonna merge the two largest wealth generators in the world together. the Foreign Exchange and The Stock Exchange. The executive Branch has been putting pressure on the Federal Reserave for quite some time to throw in negative interest rates. This will weaken the dollar, as to currency traders such as myself, this signifies a very weak economic market in that country. what this also does is casue the central banks to charge customers such as JP Morgan, Bank of America, AKA Merrill Lynch, Wells Fargo to hold money in their reserves. Now we as investors and traders know that business DO NOT pay fees out of pocket, they pass it down to their customers... Us the normal people. So, now were getting charged to store money in their reserves. So, What do we do as consumers? well instead of losing money to something that will not benefit us we pull our money out and either purposefully spend it or accidently spend it. Either way it gets liquidated back into the economy. and what do the other banks do? Give out loans more freely. this is becasue a fee is a 100% guarenteed loss, however, if we loan out to a failing business we have XXX % chance of getting our money back. Now, 1.00 % chance is better than 0.00% chance. So next, the first quater was rough for many companies but it was still better than what Q2 is going to be. Q2 has almost 2.5 months of no income revenue for many business as to where Q1 had two months of earning power, then the economic shut down. so when the earnings come out or the company publishes their 10Q Report Investors are going to sell. All of that to say we have a Dirty Bullish Alternate Bat pattern on GM and the same is similar for Ford (F). 10Q comes out shares drop into the PRZ and we get a good bounce with the Q3 reports come out to show growth. #RISKFREEORBUST NYSE:GM
NYSE:GMLong
by ARegularGuy
GM - General Motors - hold before buyingNYSE:GM Technical Analysis: The market is in a trendless stage after a bearish trend. There might be a kind of Nonfailure Swing Pattern (Reversal Pattern) before the sideways trend. It might mean that the trend was ready to change direction. It could be seen as a bullish signal. Hold for now and wait the right signal to buy for a long and short term investment Fundamental Analysis: Still negative news around the Covid-19: a fear of a possible second wave of infection is in the "air". Good News: GM nears reopening of Mexican pickup plant (GM's three vehicle assembly plants in Mexico could resume operations next week following conditions set by the government)
NYSE:GMLong
by Mauriello
General Motors - GM Technical and Fundamental AnalysisNYSE:GM It might jump up, just wait for the right signal. Perhaps high volumes. Stochastic is in oversold.(it does not say really a lot - it can keep being in oversold) Based on the slope of the downtrend (retracement - too fast compared to the previous rally), I would be tented to follow Technical Analysis. Fundamental News: GM will report results for the first quarter before the market opens on Wednesday, May 6. Expectation: $0.47 a share profit on sales of $32.09 billion - but not as good as the last year (I can guess) The moves announced Monday follow other cash-saving measures taken at the beginning of April, when the company deferred 20% of salaried workers’ pay, cut top executive compensation and put 6,500 employees on leave.
NYSE:GMLong
by Mauriello