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4GM trade ideas

GM Testing SupportsShares of GM are looking interesting right here, right now. Fundamentally, shares are cheap at 5.8x forward estimates. They also sport a 4.3% dividend that looks safe for the foreseeable future. The technical setup is what has me buying. Shares are testing a confluence of supports: an upward sloping trend line going back several years, previously held support at about $35, and the 200-week moving average. Much like Ford (F), this looks like a good holding to sell calls against to boost income while you wait for the next cycle to begin. I'm starting a small position today and will be adding on weakness. A stop loss will be about 10% below, as I intend on this being a longer-term position and want to give it room.
NYSE:GMLong
by EchoAlphaBravo
GM bullish momentum above USD 35GM is soaring back from USD 35 levels (close to USD 34,71 support level), supported by: Fundamental: -USA&Mexico trade deal, which will positively affect their exports/imports between USA and Mexico. -Possibility of including Canada in the trade deal. -Less tensions with China in terms of tariffs. Technical: -USA Index bullish momentum. -RSI convergence. -Strong support levels at USD 34 - 35 range. As a result I see a bullish momentum above USD 35 level. Enjoy your trading! You can check my last posts: EURUSD UKOIL JPM
NYSE:GM
by Adrian_Armentia
$GM (GeneralMotors) ShortLooking at $GM we see price being rejected at 44.00 with an engulfing candle(4H) & TweezerTop (1D), to then re-test the 44.00 price on 6/18 After the re-test, it's been a clean downtrend till the 37.00 price. Once it bounced off 37.00 it continued to trade sideways for 13 days before it broke down on 8/13. I expect the price to re-test 37.00 before it continues its way down to 35.00 I've taken a short & will continue to monitor for a bounce at that price
NYSE:GMShort
by xCrypto
GM inside day, relative strength or not?Stock futures slumps for more than 1% in Asia market today. Also, GM got an inside day here; Yesterday it tried to break the 45.00 fig level and the bearish bat but failed, if the bulls are able to break the inside day, the momentum probably is able to takeover the size. Generally I am quite bullish in GM as it's ridiculously cheap with 6-7x multiples and solid dividends, so I'll skip the set-ups to short. While, with regard to the potential gap down (with the market), the 1st point for this trade is to see if the inside day low 43.35 is broken. If not, that means GM shows great relative strength against the market, which is great for this trade! If it breaks the inside day low before breaking the inside day high, this trade doesn't exist anymore. Let's see how it goes!
NYSE:GMLong
by Trader_Joe_Lee
4
Ups: Did the German car manufacturing industry......miss something? Maybe this electric car thing? The market has recognized it already, but the Germans are still waiting for governmental subsidies and still pay high dividends instead of investing in R&D/ technology. Now some "big bills" for the this "Diesel Thing" will come in and again, this money won´t be invested. And more threats are around, like trade tariffs... Looking forward to what will happen, maybe the Germans will wake up like a sleeping lion or just keep sleeping.
NYSE:GM
by Chimbarosa
$62 target for GM ? Intriguing behavior: - Same relationship found in yellow and orange waves: (3) = 161.8% of (1) (iii) = 161.8% of (i) (4) = 61.8% of (3) (iv) = 61.8% of (iii) - Both degrees violate traditional EWT in the same manner. - What currently in place: (v) = 123.6% of (i)+(ii)+(iii) Extrapolate this relationship to the higher degree: (5) --> 123.6% of (1)+(2)+(3) III --> 161.8% of I Both extrapolated levels find each other at $62 level. This is the expected maximum for wave III. Be aware that this is long term target.
NYSE:GMLong
by SharpCharts
1
A cup of coffee pleaseSo far, GM has carved a "cup of coffee" pattern with a "handle" being the latter what the price is drawing right now. On one hand, one could try to take advantage of it by buying the stock in the lower trendline of the channel and selling it in the upper line (1). On the other hand, one could wait for the price to close above the channel and target the projection of it once broken (2). If we pay attention to the Accum/Dist line, it has been on a bull trend since 2015 and still is. Despite the fact that the indicator hasn't been reliable at all time (august '15 and may '17) is still suggesting on average the stock is still being accumulated and backed by some institutional investors in the long-term. Do as you wish but everything I said is unworthy if the operation holds a reward/risk ratio below 2 and more importantly, if price closes below 38.19, for it is a master resistence in this stock as I see it.
NYSE:GMLong
by miqueldelrio91
General Motors, GM, Short Term Bear, RetracementI am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. I just published an idea regarding General Motors which covers a slightly different angle of the same idea I'll publish here. I won't go into as much detail with this one. This one is in line format and the other one is in candlestick format to show two different perspectives. I have this in line to show a couple Triple Tops which are a little difficult for me to identify in candlesticks. I see a Head and Shoulder pattern which I have marked with orange arrows; and the Triple Tops I see are marked with red arrows. I didn't want to put too much clutter on here but you can also drawn a down trending line from October 24, 2017 to November 2017 (the 20th, 21st, and 28th are the tops for that month) to January 2018 (the first Triple Top marked with red arrows) to this month (the second Triple Top marked with red arrows). If you need help seeing it let me know and I can publish another chart with just that. For more of a detailed description see my previous post from this same day about GM. Also, to alleviate some confusion I marked the 200 Day Exponential Moving Average (EMA) more clearly in this post. So, to recap, a Head and Shoulder, a Down Trend forming with lower highs since last October, two different Triple Tops, and multiple EMAs forming resistance (covered briefly in my other post, which if I do it right the link will be below; but it's my first time trying that so let me know if it works or not). In my amateur opinion, that is a lot of Bearish signals.
NYSE:GMShort
by AROD01
GM Short Term BearI am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. I recently published an idea stating I was bullish on General Motors because I saw a rolling pattern. If, after earnings, it continued up I would buy a bullish play. It did, kind of, and I bought a Call option on Friday as I saw the stock price rising. However, as I continued watching GM it was not able to maintain those highs and instead fell on higher volume than the previous day. This was a bearish signal so I sold my Call a couple hours after I had purchased it and took a loss. After looking at General Motors again and realizing the S&P 500 was also unable to maintain a high I purchased a Put option in GM. I have this chart set to candlesticks so you can see the falling price and inability to maintain highs over the past couple days; however, I will also publish a follow up to this in line format because I think it will be easier to see the bearish patterns. I have marked one of the bearish patterns I see, and that is the Head and Shoulder pattern. Another reason I think GM has gone bearish, at least short term, is due to almost all the Exponential Moving Averages (EMAs) being above the closing price; and on top of that (no pun intended) they may also be acting as resistance. The 200 Day EMA is sitting around $40.00ish (I have the EMA line itself orange, and the horizontal support line where it may hit is purple). We'll see if that is enough to catch it or not. I still have the lines drawn showing what I thought was a rolling resistance and support because they still are good lines (in my opinion) and GM may eventually bounce back and forth between them again; only time will tell. There was a Gap back in September 22-25, 2017 and the Stock used that a support on February 05, 2018. More Bearish signals, to me, are the lower highs from October of 2017 to current; as well as multiple Triple Tops, but I think those are easier to see in line rather than candlestick. The Market as a whole seems to be slightly erratic at the moment so if this doesn't pan out it may be best to just take a step back and until something more definite comes along.
NYSE:GMShort
by AROD01