4GM trade ideas
GMCO34SHORT to ~~ 145.00
After the addition of this mark, it is possible to increase up to 150.00
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This article is not an inducement to act. I am not responsible for your losses.
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Strat 2- GM 38 Put -> PT 37.41, 37.21(1) GM price up after ER but the guidance is not so bright - China uncertainty + Strike impact
(2) Morning made lower low 8:30-8:45AM LA time.
(3) Entered Trade 38 Put for .35c, SL .20c (Reached, but did not sell, held til EOD,; Would have re-entered EOD at .25c)
SL: .20c
PT: .75(If strong momentum + Bot Consolidation, Trail Stop here), .90
RR: 1:2.67 , 1:3.67
Scenario 1:
Break below 38.09 and reach PT
Scenario 2:
Reach .20c SL, re-enter at break below 38.09
If no break below, Enter Call Debit Spread 39-40 or Credit Put 38 at Break of 38.7 HOD
GM: Short-term Long; Long-term ShortThis is not investment or trading advice. Always do your own due diligence.
GM is obviously trading upward within a rising channel over the shorter term. I plan to trade the rises and falls, so long as it respects the channel. I do believe it will break to the downside ultimately.
The company, over the longer term(10yrs) isn't going to be appearing in my portfolio unless it starts amortizing its debt more agressively. Right now they are agressively financing their expansion with debt and I'm personally not comfortable holding companies with more debt than equity.
Downside Favored Post-Earnings Heavy buy volume followed by bottom wedge rejection implies favored downside as we head into earnings.
$32 target.
BTO GM Jan 17/35Call @ 2.17GM current price 35.44. Avg volume is 7,910,315 and this represents an active trading on this stock. The 1 year target is 47.61, this means that
this stock is expected to move 34% from now on. I am already on this trade but GM goes down for sometime but still believe it is going up again
therefore i bought additional contracts and avg price was 3.36. My plan if GM goes down is to buy again my option contracts at price 1.40.
Please note that, i am sharing a trade idea which is part of my own portfolio and fits my requirement. Following this idea is your responsibility at all times as there is a risk involved.
$GM SHORT targeting 36 Bearish Pattern with Big Double topWeakness of money flow index also several bearish pattern can be drawn .. its low volatility if you want play options is not recommended ..
$GM BULLISH Pattern Entry at 33 targeting 36.4 Expected bounce today or tomorrow from previous bottom at 33 which will form strong bullish pattern targeting breaking point at 36.4 which around 10% profit from 33 entry . its good opportunity
GM Possible Outcomes | WeeklyGeneral Motors has been following an ascending wedge for months now. Currently approaching the ascending support line, news of strikes from UAW members may be the catalyst that causes this asset to fail at the support line. Here we have pointed out minor and major support lines , and a theoretical path for price to follow. After a large gap down, momentum seems to be heading downward, if price sticks to the support, and ends up fulfilling the wedge, expect that window to be closed . (gap window) Long story short, if support holds, we expect price to return to its original path within the wedge. If that is not the case we expect to see a fall to the following support lines.
GM: To Be or Not To Be is a Question!There is a new strike against General Motors after 12 years because GM dumped health care for striking workers.
There is a passive prospect for GM because much too powerful UNION is bad for manufacturers, especially for GM.
From the monthly chart, we can see there is a contracting triangle, which may be a reverse pattern or a continuous form.
If the price breaks out either side of triangle, upward side or down ward side, a sharp rise or plunge will happen.
If the strike becomes bigger and bigger, it is most likely to break down, which would be a disaster for both GM and investors.
Hopefully the dispute between GM and worker could get a good deal.
In the long term, America is not good for manufacturing industry because of the too powerful UAW and slack workers. So manufacturing such as car-making, iron and so on, will be transferred to Asia continuously.
High technology and finance is good and appropriate for US, no matter how Trump calls for the return of manufacturing industry.
GM long setupGM’s innovation outlook is trending up based on a current score of 89 out of 99, outperforming sector average. Jobs growth over the past year has decreased and insiders sentiment is neutral. GM is an Average Performer in terms of sustainability. It is most exposed to Enel SpA as its supplier. Over the past 4 quarters GM beat earnings estimates 4 times and it pays dividend higher than its peers.
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GM strike starting this evening - Short opportunityAnother big news story this weekend: GM employees begin strike this evening (Sunday). I think fundamentally this will hurt GM short term, and provide for some good shorting opportunities. I will watch it in the morning, as I expect a gap down. I then may enter on a retest to ride it down further ... Possibly to the next big support area.
$GM : Bearish ABC Patterns will retest May's Low Bearish Engulfing candle on Sep 13 with high volume. Its good entry to short $GM stock or Long Puts.
General Motor (GM) will be Neutral I believe that GM will face resistance @ $ 38.60 level. It will not break that level and maintain a neutral level between $ 38.60 - $ 36.
Note: I am not a financial advisor. Trade at your risk.
GM Powell Speech BetTwo Fed members have already signaled a reluctance to cut rates in Sept, but the market decided to melt back up today regardless. The Big Kahuna, Powell, talks tomorrow in Jackson Hole at 10am EST. Appears there are some that are expecting him to pump the market again because he did the last 3 speeches. Based on Fed meeting minutes and the other members, I don't see him pumping tomorrow.
The plan is to buy puts now (half in case it continues the melt up), add tomorrow on open before the speech. Weekly GM options are cheap and have good liquidity. Note that this is basically an all or nothing bet, if the market goes up, you lose it all.
Auto manufacturers are very rate sensitive, another option would be XLF (financial ETF). When betting for or against the Fed, find rate sensitive stocks or ETFs that have good liquidity and low premiums.
Note: GM has a bear flag going
GM UndervaluedGM has shown an ability to outperform both the S&P500 and the auto industry, recording an 8.25% increase in the last year. In addition, their dividend payout provides for a steady stream of income at a yield of 3.79%. In terms of continued profitability, GM has enough cash to push through tariffs and increased competition, and is trading at a relatively low P/E ratio of 6.53, and is expected to increase EPS by 6.143%. Because of this combination, I have a price target at $43.94
trump about to shock the auto sector?trump announcement on EU trade 1:45 est. i think he targets german manufacturing aka auto manufacturing in particular over iranian oil imports. lets see if im two for two on the tariff front
GM approaching a wedge breakout Keeping an eye on this guy for a small breakout in the coming days. RSI swinging up, 50Ma curving nicely also
GMComing off an overbought condition with MFI divergence. Going for a one day all or nothing deal with weekly puts.
Auto sector looks weak today, down when the market is up big. Looks like a sector rotation out of autos.
