$GM - I am long, but possible bearish RSI divergenceWatch out for this.
Though I am long because of declining volume after accumulation. On watch.
GM trade ideas
GM LongGM 1-4 Week Horizon
Price seems to be consolidating to a flag pattern, could mean price may go on either direction.
Bullish signs;
Price is currently at the 21ema area and seems to be holding. This area also happens to be 61.8% Fibonacci. Stochastics are at oversold level, all good signs for bulls.
Bearish signs;
There seems to be a strong resistance at 57 area where price got rejected twice. If you look at MACD and price, X & Z on price is the same level while on the MACD, Z lines and histogram shows lower level than X (this could mean lower momentum on the last pivot high).
It might still make sense to enter at the buy zone but key an eye on price bounce or break key level 57 (still a good +9%, maybe trim position at this area) Cut loss just below 21EMA at 50.59
GM Looking good for a Short GM have reached a saturation point which in every case in the past represented a turn around point. Considering the potential circumstances in the world, adding the future focus of automobile industry to the clear fuel resources, i hardly believe GM can keep up the momentum.
GM Pushing for ATHsInteresting progress in the EV field unveiling the Chevy Bolt SUV design. I will keep buying on any dip as price gets closer to the parallel channel.
ABC Flat or ABCDE triangle
Supply Zone: $56.30-$57
AVWAP + Parallel Channel + Cloud Support
$GM with a neutral outlook following its earnings #BeststocksThe PEAD projected a neutral outlook for $GM following a negative under reaction after its earnings release placing the stock in drift D
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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
Possible Cup with Handle Pattern in GMNYSE:GM
Possible cup with handle pattern forming in GM. Nice Super Bowl ad.
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?
$GM | Bullish Channel and Triangle: Watch For A Breakout$GM formed a bullish triangle, watch for a breakout to the upside.
General Motors Rev limiter pinnedI do believe GM is looking a bit spicy on this dyno chart
My personal opinion is nobody will want an electric GM car.
Maybe the new Hummer will do good, possible government contracts, etc.
looking for a correction to the $30 and below range
General Motors Co. Sunday, 31 January 2021
19:27 PM (WIB)
President Joe Biden has ordered the federal government to buy electric vehicles made in America with union labor. To be sure, Biden’s executive order, issued Wednesday, is designed to spur investment in the nascent plug-in car market and didn’t come with a deadline. So there’s time for automakers to adjust. Two of them -- General Motors Co. and Nissan Motor Co. -- announced commitments this week to produce carbon-neutral fleets in coming decades. Ford Motor Co. has previously pledged to become carbon neutral by 2050. And with a U.S. government fleet of 645,000 vehicles -- only 3,200 of which are electric -- there’s plenty of incentive.
Biden’s push could also help drive more domestic electric vehicle -- or EV -- manufacturing overall, given the scale of the government’s annual vehicle acquisitions, said Sam Ori, executive director of the Energy Policy Institute at the University of Chicago. “The federal government acquires 50,000 to 60,000 new vehicles a year, and, in an EV market where you’re looking at 300,000 to 350,000 units a year, an additional several tens of thousands could have an impact for manufacturers,” Ori said.
For further details information below:
www.gm.com
www.iea.org
uaw.org
Music background by The Beatles "Drive My Car"
www.youtube.com
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
GM will increase as it electrifies and expands Super CruiseThis is a fundamental analysis - at least for the next 6 months.
GM has the following going for it:
- High margin profit driven from trucks and SUVs
- Electrification of majority of the fleet by 2025
- Carbon free by 2035
- Ownership stake in Cruise
- Plan to roll out Super Cruise for multiple vehicles by 2023
- Partnership with Honda to further develop EVs
- Will be building its own "Ultium" batteries
can GM compete against TSLA?Microsoft is joining forces with Cruise, the self-driving subsidiary of General Motors, to help speed up the commercialization of autonomous vehicles. The software giant is also chipping in on a new equity investment of $2 billion for Cruise, along with previous investors Honda and GM, bringing the AV company’s valuation up to a whopping $30 billion.
Potential fib retracement on GM Hi everyone, here is a potential retracement of GM showing it might hit that support line and hopefully shoot back up. This company has just recently been upgraded and has lots of potential to compete with Tesla’s cyber truck and Rivian since it’s coming up with the Hummer EV. Hopefully this helps everyone.
61$ 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.
