GM trade ideas
$GM Breakout updateBullish flows all week pushed GM past ATH today with strong volume. For short term targets I have set the previous wave 4 as my fib lvl 0 and nearest previous high as 100. I'll be using the 1.618 as my first target. My second target is the 1.618 from the trend it broke out from. Any pullback from 60 should be bought until EMAs show otherwise.
GM wants 100?! on watch for calls next week great breakout on the weekly chart. we saw top trendline resistance turn into support in early June 2021. that was the sign to add more. off to the races now with price target of 70 by late April. goodluck to longs!
BUY GM PT 60, SL 54Rationale
GM has seen heavy call flow over the past two days.
Bull flags have been forming on both the 10 minute and daily chart
Strong relative strength these past 2 weeks.
Potential to break monthly high price.
$GM Run Forrest, Run!After 2 months of consolidation, finally the stock is heading north and is now at its ATH. I guess the EV story and the opening of the economy in the next few months will have a positive effect on the company. I have a PT of 65 for April. Lets see
GM Breaks out from a Flat base pattern into new all time highsGM Breaks out from a Flat base pattern into new all time highs
GM What do you think?
We are in a bubble anyway.... If I stay loyal to TA that W pattern looks ready to drop soon to test previous support.
Like, Follow, Agree, Disagree!
$GM Upside before ER, daily breakoutGreat bullish crosses across the board that should indicate more upside and a daily breakout really soon.
Go long GM, unusual options activity
Go long; there's a story behind the EV transformation and Ultium battery technology is promising. Not only that but there has been unusually large buying of the $60 strike call options for GM, signifying big bets usually from big institutional investors or other high net-worth traders.
Unusually high call volumes are very bullish and can cause a gamma squeeze; which can force additional stock-buying due to open options positions on the underlying stock.
General motor - Pennant indicate further upsideGeneral motor is showing strong bullish momentum as long as the two crucial support zone is well supported.
$GM$GM Nice move today as planned! Broke through the 55.29 level and rejected where expected. A bounce off .236/.382 here is what i'm looking for before a wave 5 breakout!
GM to break all time high$GM - Bounced well at 55ema & daily pivot, looking to break ATH 57 level, MCD crossover to bullish, with this market fluctuation I am entering small lotto play - 3/19 57C for 1, stop loss if dropped below 52
GM - Next Leg Up: Great OTM options flow, Relative StrengthAmazing relative strength these past weeks.
Great 04/16 OTM options flow towards $60. pbs.twimg.com
Equity block as well. pbs.twimg.com
Still flagging on the daily.
Looking like we'll see the next leg up soon.
