GM Long CallBuy Aug-04-23 38 Calls @ 0.47 Limit to Open
Buy Aug-11-23 38.5 Calls @ 0.53 Limit to Open
2 buy for this week and the following. Good prices, at support zone and oversold CCI.
GM trade ideas
GM UpdateGM RSI hit oversold on the daily and MFI is moving up.
No idea if it goes straight up like Jan or double bottoms like Oct, Fed meeting next week.
Seems to me like the futures algos are on a melt up, there's some serious money pumping into the market on these morning gaps down. The worst of the news is probably over except the Fed next Wed.
This whole year has been strange, but I want to remind everyone that the Dot Com bubble happened with interest rates higehr than they are now.
I'm using 48c expired in Jan 2024 to trade GM earningThe daily RSI of GM is trading above 70. This could mean that either prices are in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case).
The MACD is above its signal line and positive. The configuration is positive. General Motors is above its 20 and 50 period moving average (respectively at 37.76 and 37.12).
Supports and resistances:
39.37 **
39.13 *
38.9 **
38.66
38.19 last
38.03
37.88 **
37.48 *
37.25 **
GM - Will the general lead again?
Price sitting at the confluence of 200 DMA and 60 VMA. If it continues to build above, likely tests the upper range of this channel and set up nicely for a breakout.
Upside targets: 41, 47, 54
Bear case: loss of 200 DMA could bring this down to the bottom of the channel to around 31.
Disclosure: no position yet.
GM 5/13/2023GM
Running out of fuel.
Daily chart analysis
After reaching all-time lows during start of Covid back in March 2020, GM went to reach all-time highs by June 2021. All that fake money that was printed during covid sent the stock market soaring.
By December 2021, GM ran out of fumes and couldn’t break the all-time highs and a Double top pattern was formed.
To start in February 2022, price broke from the Double top neckline. The Double top pattern was then confirmed, and price entered a downtrend.
By mid-2022, price entered a Distribution stage and has been moving sideways since.
Today price finds itself breaking thru the support levels of the sideways range. It looks like the Distribution stage is complete and price will look to continue its downtrend.
There was a previous downtrend, followed by a sideways range, and now a breakdown below of support level. This is my cue to enter trade short.
Entering trade short.
Entry: 32.40
Stoploss: 35.50 (-9.64%)
Target: 20.00 (+38.23%), 3.97 RR Ratio
GM General Motors Company Options Ahead of EarningsAnalyzing the options chain of GM General Motors Company prior to the earnings report this week,
I would consider purchasing the 45usd strike price Calls with
an expiration date of 2024-1-19
for a premium of approximately $1.14.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
General Motors to ChargePoint Trading at Bearish Shark PCZI think that these two stock will trade in opposite directions to each other, so I am tracking the ratio between the two stocks, and it looks like General Motors has just about hit the limit to the amount of ChargePoint shares it will be able to buy, and so I expect a decline in GM price and a Rise in ChargePoint's price from here.
General Motors: Bear Flag Bearish BacktestGeneral Motors after getting the TSLA Charging Plug collaboration news was able to generate enough energy to come back up to test the Bearish Channel and 55 Week EMA and from there it got a moderate rejection from it. This could be just the start of a greater move down to the zone between the 0.786 and 0.886 Fibonacci Retraces.
I could aslo see a scenario as to where GM and Ford Motors comes down as the Charging Station Stocks such as ChargePoint and maybe Blink rebound back up, as the moves between these after the news report were opposite of each other and they have two opposing setups.
GM - DIVIDENT FALLOUT PATTERNGeneral Motors, a multinational corporation based in the United States, was the leading automobile company for 77 years until Toyota surpassed it in 2008. Despite this, GM has consistently ranked among the top 15 companies on the Fortune 500 list, and recently moved up from No. 8 to No. 5. With operations in eight countries and four brands, GM is also involved in joint ventures with Chinese automakers and produces military vehicles for the US government. Left with only four car brands for serial production the sales are taking steep downhill. The chart shows the last 3 dividend payouts and a significant 25% drop weeks after. To see if that is a solid pattern there is testing the current dividend payout we can have two level checkpoints $29' and $26', let's say that reaching the $29 level around mid-June could seek $26 by the first week of July.
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GM - BULLISH SCENARIOEarlier this month the company disclosed first quarter US deliveries rose 18% to 603,208 vehicles, with the automaker growing its US market share by an estimated 1.5%, the largest of any company in the industry, GM said.
GM also reported record electric vehicle deliveries of 20,670, though most of those were for the Chevrolet Bolt EV and EUV — GM only delivered two Hummer EV pickups and 968 Cadillac LYRIQ EVs. Analysts and investors will be keen to hear more about GM’s EV ramp-up; GM is expected to launch three more EVs — the Chevrolet Equinox, Blazer, and Silverado EV pickup.
The next price target is located at the $ 45 resistance level.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
GM General Motors Pre Earnings LONGGM is on a 4H chart. Fundamentally, the last earnings were good. GM is challenged by the adoption
of electric vehicles and the transformation of its core business. Small EV companies ( CANOO, RIDE, WKHS, FFIE, MULN)
are mainly undercapitalized noise. The competition is really TSLA and Ford. Earnings upcoming are April 25th
Technically, the price has been trending also a support of the lower standard deviations of the anchored VWAP originating
on the date of the last earnings. Recently price has moved from -2 STD VWAP band to the higher -1 STD band.
Price is now sitting on the support shown by the Luxalgo indicator with the earnings report due The VWAP bands
are quickly losing slope as earnings report day of April 25 approaches. the zero lag MACD has lines crossing under the
zero line and the histogram has just turned positive. These serve as confirmation entry signals.
I see this as entry time for an earnings play. Entry is by market order with a stop loss below the demand zone.
Targets are VWAP ( purple line), the midline between the demand/supply zones, and then the final target is the +1 STD above
VWAP ( downsloping stepped black line). Overall a reward for the risk of about 4X. I may opt to play this with call options
striking $35.00 expiring on 5/5 and currently priced at FWB:112 per contract.
General Motors continues in a trend of higher lows.General Motors Company - 30d expiry - We look to Buy at 33.55 (stop at 31.83)
Trend line support is located at 33.50.
A lower correction is expected.
We look to buy dips.
Prices expected to stall near trend line support.
This stock has seen good sales growth.
Expect trading to remain mixed and volatile.
Our profit targets will be 37.84 and 38.74
Resistance: 36.82 / 38.00 / 39.60
Support: 35.10 / 34.00 / 32.99
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GM - LONGNYSE:GM
- Beautiful bounce off of daily demand and now gaining traction as well as lower channel bounce (confluences)
- A break and hold above 37.00 can test 37.76 resistance then psych level at 38.00. Above 38, you're opening doors for more upside with a final target at 40.00
Contract Suggestions which covers earnings run up as well:
GM 4/28 36 CALL
GM 4/28 37 CALL
