GM
Long | GMNYSE:GM
Possible Scenario: LONG
Evidence: Price Action, Unusual option activity
This is my idea and could be wrong 100%,
Calls strike 64$, 1st April
* great opportunity,
Target price update for GMI always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment nor a recommendation to trade..!
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$GM Breakout updateBullish flows all week pushed GM past ATH today with strong volume. For short term targets I have set the previous wave 4 as my fib lvl 0 and nearest previous high as 100. I'll be using the 1.618 as my first target. My second target is the 1.618 from the trend it broke out from. Any pullback from 60 should be bought until EMAs show otherwise.
GM What do you think?
We are in a bubble anyway.... If I stay loyal to TA that W pattern looks ready to drop soon to test previous support.
Like, Follow, Agree, Disagree!
$GM Upside before ER, daily breakoutGreat bullish crosses across the board that should indicate more upside and a daily breakout really soon.
$GM$GM Nice move today as planned! Broke through the 55.29 level and rejected where expected. A bounce off .236/.382 here is what i'm looking for before a wave 5 breakout!
$GM - General Motors - Falling Wedge BreakoutLooking at the falling wedge break and key resistance area breaks for a move past $57.
Ascending triangle and TK recross Ascending triangle and TK recross gives us a great entry opportunity with a stopp loss below the triangle at cloud level
$GM Sets Up Fresh Breakout Potential as Momo BuildsGM isn't a stock you normally think about as a momentum growth play, but the times they are a changin'. And this is one up day from a bullish ascending triangle breakout setup in the works.
$GM UPTREND - BREAKOUT TEST 001-003 - ATH TESTjust a simple TA for the week. Some breakout test and ATH test are to be monitored. Furthermore, another C&H pattern was formed in a 1D TF, in which a probable uptrend is expected.
GM, upward trend, high chance on ContinuationThis sunday GM had a super bowl that says many electric cars will be pushed out by 2023. this upward trend will be followed, and once broken downward. put into this
How stupidly pumptarded can the market get?Market is in a bubble, you can tell by looking at auto manufacturers like GM. Since GM went bankrupt and I can't chart 1998, I am using F as a surrogate.
You can see that during the Dot Com bubble, F wound up trading at 3x it's normal range. GM is only at 50% normal range right now, so there is plenty more room for the market to get stupid.
Also note that it took 3 years to go back to normal. So in essence, I expect the market to go parabolic, then come down when inflation hits and the Feds are forced to raise rates in 2 years. We already know even the slightest increase in rates can tank the market, imagine what happens when he has to raise it from zero?
GM Quick Dip?Seems like they have taken the correct measures in stay afloat. However, price is as high as it's ever been and I just don't see a continuation to the upside. Seems like they are depending on SUV sales and EV plans. Seems like a Hummer '21 release by fall. Earnings Report coming up. Q3 was strong for them. I'm taking an educated guess on price dipping down a littler after the released report.
What do you think?
61$ PT, support todaywe found support today ,unless the decline continuw tommorow here are the local dips
GMOriginally took this trade on 11/11/ 2020. GM!! really didn't make sense but it was setting up; formed a VCP.. earnings increasing; good sector but I got impatient after sideways movement. Then, Mark Minervini metioned entering in his Twitter feed; I took a look and re-entered. A much better entry.
Bad GM trade (how I gave the market my money)I thought I was trading a breakout.
Put a BUY STP LMT order at a level above previous level.
Issue is that I believe the STP LOSS order was to high.
Should have been a bit lower.
What should I have done differently ?
