$GM has always been a good indicator of $DJIA and the way it could move in the future. Last week swing high in this stock is highly unusual taking into an account indebtness and GDP fall and consumers uncertainty invoked by COVID-19. 38-38.4 is that magic line this stock needs to cross above or te be rejected from. It will be good for trading.
The Idea is to go long, but just wait the end of the price retracement.
An almost bankrupt company mismanaged by 60+ years old boomers with no will to succeed .
With a break in 50 day SMA NASDAQ:BLNK has moved to it's next important level of support. NASDAQ:TSLA promised some large advances over the next 3 years in the EV and electric power scene and has sent the whole EV sector into a short term tumble. BLNK has faced a short term downside, however in the longterm, cheaper materials, quickly advancing technology, and...
GM shares faltered at a potential breakout level around $33. But this one could be interesting. Who's the next big EV play? General Motors. After its Nikola marketing partnership, the company announced a plan to ramp up EV production. The stock faded with the market on the Fed Sell-the-News action. A move back above $33 could set up a flush above $35.
General Motors Analyse . *Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Ascending triangle on GM general motors
GM has a terrific bear flag that has broken down and is backtesting on the weekly (and of course also the daily). Weekly stochastic RSI has turned down with the fast line having just pushed below 80. That is an objective short, as far as I can see.
Based on Technical Analysis, the best option is to hold and wait that the Support 24.00 USD: 1. It will be broken - go short 2. It will work as support (it will not be broken) - go long Fundamental Analysis: General Motors requests removal of judge and to vacate order from RICO lawsuit against Fiat Chrysler
My target is the 14-15 dollar range and I do expect it to hit that range within two weeks.
The chart and title say it all. Bear flag sprouts head and shoulders on the daily chart. I look forward to shorting this one. The only question in my mind is whether we'll see any sort of bounce off of support or blow right through it. I'm not seeing why we can't have an 10-13 dollar GM stock at some point next month.
May's monthly candle closed above April's high. If price returns to April's high, then I will begin purchasing call options at the 24.50 strike with a July 2 expiration.
Just hold before any action of buying/selling General Motors Analysis - General Motors stock forecast today's analysis - 19/05/2020 - GM Stock
NYSE:GM We had a signal recently and it's pretty strong. It looks like a $23+ target is best estimate here. This is a short term call
NYSE: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...