GGGENERAL MOTORS CO CED EACH 20 REPR 1
11,450ARSD
+75+0.66%
At close at Jul 18, 19:56 GMT
ARS
No trades
GM trade ideas
General Motors: Bullish Bat Suggests Upside BreakoutMost of the indicators I follow suggest that GM-is about to surge higher.
The top lower indicator (AO) has issued an upside reversal signal, as well as the top middle indicator.
Shorter time horizon charts (one hour, two hour) are more bullish than this four hour chart.
On a daily chart, the full stochastic indicator (14,3,3) bottomed on February 9th (in fact, a double bottom).
If you follow sigma bands, GM-is minus three sigma.
In simple terms, this means it's probable will GM-will trade higher 99.73% of the time from this extreme lower sigma level.
The next resistance point is approximately $38.50.
Disclaimer: I have been long this stock since yesterday.
May all of your trades go well.
And, to the world - happy Valentine's Day.
Don.
GM: Daily viewGM is an excellent company to own for the long term. That being said, outside of a core long term position in it (something like 10% is perfectly fine), we can also trade and profit from volatility, both on the long side (adding trades with trailing stops, and adding to winners) and on the short side (selling calls against our long term longs to profit from corrections).
In this case, after today's news, we see that the daily has flashed a 'Time at mode' uptrend signal with a target at 39.57 that has to be hit before January 31st. Since this uptrend's time duration expires just before earnings, it might be wise to reduce your exposure to GM approaching the target, and date, or to at least hedge your downside to protect profits by selling calls. In the case of earnings sending prices way higher, this would ruin the upside, so, the alternative is to start trailing stops periodically (at least on your non-core-long term positions) to reduce risk.
Good luck!
Ivan Labrie.
Sector Rotation: GM Descending Broadening WedgeIf ever you like to predict the further direction of an overall stockmarket than keep an eye on any sector rotation as well.
Since November we have seen Banks rising. If you follow this trading ideas you might see, that there is an ongoing rotation now into industrials. You see also huge consolidation patterns like in Tesla, GM or the German Automaker Volkswagen.
Again: To predict any direction in stockmarkets try to look for similar pattern in more stocks or diffent indices. If you follow this trading ideas than you see that in any case there is more than one issue discusssed.
This world in the year 2017 now is more connected with the www than ever and more linked in almost any direction than ever before. So look for similar patterns as much you can get to decide if you see a broad based move - or not. Even to the upside and later for the downside as well.
GM: If you missed our entry at KHL...jump in!GM is a great long term long, and good beta exposure for your portfolio. Earnings yield is terrific, the weekly setup presents a long term uptrend in place, and it's at a good location to enter longs now. Again, size it to fit your risk criteria, but like the rest, 2% is fine. You can buy it gradually over a couple days too.
Good luck,
Ivan Labrie.
GM break out is not overHistorically when the RSI breaks above this level, the stock continues to gain at least 1% more. In looking for the next trendline and resistance level, a conservative level would be above 38.00. While that level is likely the safer play is a call with anticipated movement to at least 37.67.
GM: Might retrace hereGM, being a high beta stock, really moves, when it does and I think we could see a pullback here before more upside, so it's a good idea to either sell calls against your longs, or simply taking profits and waiting to reenter longs lower, against support.
Good luck,
Ivan Labrie.
GM: Great breakout opportunityGo long GM if we break out above last week's high here. Stop should be under last Friday's low.
Valuation is excellent for buys in GM, since they are currently extremely profitable and with great yield at these levels.
We can expect a nice rally to 33-35 without much problem.
Good luck!
Ivan Labrie.
