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Generalmotors

GM bullish momentum above USD 35GM is soaring back from USD 35 levels (close to USD 34,71 support level), supported by: Fundamental: -USA&Mexico trade deal, which will positively affect their exports/imports between USA and Mexico. -Possibility of including Canada in the trade deal. -Less tensions with China in terms of tariffs. Technical: -USA Index bullish momentum. -RSI convergence. -Strong support levels at USD 34 - 35 range. As a result I see a bullish momentum above USD 35 level. Enjoy your trading! You can check my last posts: EURUSD UKOIL JPM
NYSE:GM
by Adrian_Armentia
$GM (GeneralMotors) ShortLooking at $GM we see price being rejected at 44.00 with an engulfing candle(4H) & TweezerTop (1D), to then re-test the 44.00 price on 6/18 After the re-test, it's been a clean downtrend till the 37.00 price. Once it bounced off 37.00 it continued to trade sideways for 13 days before it broke down on 8/13. I expect the price to re-test 37.00 before it continues its way down to 35.00 I've taken a short & will continue to monitor for a bounce at that price
NYSE:GMShort
by xCrypto
General Motors Short Term Bull, Roll, ConsolidationI am not licensed or certified by any individual or institution to give financial advice. I am not a professional stock trader. I believe General Motors is in a rolling/consolidation pattern, at least for the short term. I have two possible support lines drawn. The bottom support line is drawn off the Gap from September 25, 2017 (it's possible to draw a third support line even lower at the beginning of the Gap from September 22, 2017) and the higher support line is drawn off resistance wicks from September 2017 and near the low of December 14, 2017. My Resistance Line at $45.07 is drawn off a lot more points. Throughout October 2017 you can see it acting as old Support, and then in November 2017 it becomes Resistance from the 20th through the 29th, and most recently it was Resistance on January 16, 2018. The orange drawn lines are possibilities of what I think could happen. GM may drop a few more cents and hit the $40.72 line and bounce up, or it could drop to the lower Support of $40.00ish and bounce up. Of course, it could just drop straight through both; but I think it will get a helping hand in rising when the major Indexes reach their 50 Day Moving Average and bounce up after the current retracement is comlete. If, after Earnings is released in a couple days, General Motors hits either of my drawn support lines and begins to rise I will consider entering a Bullish position (either Stock, or Call Option, and maybe paper trade a Bull Put spread for practice).
NYSE:GMShort
by AROD01