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GM trade ideas

WATCHING $GM for entry at 46.03WATCHING $GM for entry at 46.03 GM is looking like it’s getting close to the entry (start position) target Could be a good swing setup… And for options, all 3 targets would be a great place to sell puts - Just chose dates wisely. Happy Valentine’s Day & GL —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I have a huge tolerance for volatility so please know that. If you’re new to my trade setups please try them on a small scale first. Then go in with a risk you’re comfortable with. I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time) And most importantly… Have fun, y’all!! (\_/) ( •_•) / >🚀
NYSE:GMShort
by SPYder_QQQueen_Trading
$GM - Failed single bust? Rectangle now?In my previous chart, I thought single bust pattern was playing out up until it was rejected at the trend line that was caused by reaction to ER and supply chain concerns and analysts down grade. Recently by Ukraine invasion by Russia. Now it looks like it's going to form a rectangle. I would watch $47 area for support. If $47 support fails, bearish case plays out and it could head to $42.83 with worse case $37 to $35 area. If $47 holds and break above $54, bullish case could play out and price could head back to $62. ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines show support and resistance areas. - Fib lines also show support and resistance areas. - The dotted white lines show the price projection for breakout or breakdown target. Disclaimer: Not investment advice.
NYSE:GM
by PaperBozz
Watching $GM for entry at 46.03Watching $GM for entry at 46.03 Alert set for 47 46.03 entry Add at 40 Double at 35.19 That’s the plan… —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I have a huge tolerance for volatility so please know that. If you’re new to my trade setups please try them on a small scale first. Then go in with a risk you’re comfortable with. I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time) And most importantly… Have fun, y’all!! (\_/) ( •_•) / >🚀
NYSE:GMShort
by SPYder_QQQueen_Trading
2
$GM - potential single bust ascending triangle playPrice broke down from ascending triangle to approximately 10% below the lower trend line. The price retested previous low today without further breaking down. This is encouraging, as this could be seen as buyers are willing to come in as soon as the price visit below $50. Since the price did not break down further than 10% from the lower trend line, we can expect the price to travel back into the triangle and head towards $64 area with $58.28 acting as a tough resistance area. Single bust pattern states that after breaking down from the triangle the price should not travel more than %10 before reversing and eventually travel back into the triangle for a break out. However, if we break below $49, we can expect the price to reach $47 before finding any support. Target 1 - $58.28 Target 2 - $64 Risk - Breaking down to $47 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NYSE:GMLong
by PaperBozz
2
GM out of gas. GMWe have been following this one for a while suspecting a giant zigzag or flat. Our expectation has been confirmed. And this is why we use Elliott. It is the only system known to us that is truly predictive of the market. Other system, in our opinion, are practical gambles situationally. This is not to mention that combinations involving Elliott, like the ones we use, are significantly more profitable than any other system we have tried. It is a difficult system to master, and we have met only a handful of true masters of Elliott. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NYSE:GMShort
by Rykin_Capital
$GM Key Levels, Analysis & Targets $GM Key Levels, Analysis & Targets Well Dang, target 1 hit and I guess I should have posted this yesterday when I was charting it… so Target 1 hit already LOL… Target 2 is on my radar… no position at this time… GL, y’all… —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time) Have fun, y’all!! (\_/) ( •_•) / >🚀
NYSE:GMShort
by SPYder_QQQueen_Trading
1
GM movementGM Closed at a key level of 61.10 (.618 Fib level, High to Low on the daily) Watching closely here as a bounce will likely lead to 61.40 then to our first major resistance level of 61.80. It tried to break this level twice on Friday and rejected both times. Also, this has been a major area of resistance last week as it touched and rejected. It did break through on Thursday which sent it to 62.4 then higher to 63.3. GM above 61.80 taking the 1/21 64c, watch for resistance at 62.40 (Start trimming at this level) If it makes it past 62.40 the next stop is most likely testing 63.3 . If it rejects here, I’m looking to enter puts. Don’t forget to take profits on the way up. GM reject at 63.3 taking the 1/21 62p, watch for support at 62.4 (start trimming here) If GM loses 60, watch for a put entry. Be careful however, it had a strong support this week of 60. Wait for confirmation before entry. Personally, I’d stay away from this play unless there was crazy strong selling pressure right at this level. Recap: GM above 61.80 taking 1/21 64c (trim at 62.40) GM reject at 63.3 taking 1/21 62p (trim at 62.4) GM below 60 taking the 1/21 58p (take profits as you see them)
NYSE:GM
by DIVERMAN_L