GM can create a long play depending on next few days of trading.
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I will be following GM closely on the hourly and 15 minute charts for a possible breakout towards the upside. On the daily, Fibonacci and trend providing good buy signals.
Entry is possible here, but I do not recommend it here. Higher downside risk with a buy here, but minimize your loss if it can't break. $34.80 is the lowest level of support so it may go lower, but this stock looks great long term with 2-3 dividends :) .
2% max loss, 5-6% gain possible. Good luck traders, watch those support and resistance levels on Fibo and trend!
Entry is possible here, but I do not recommend it here. Higher downside risk with a buy here, but minimize your loss if it can't break. $34.80 is the lowest level of support so it may go lower, but this stock looks great long term with 2-3 dividends :) .
2% max loss, 5-6% gain possible. Good luck traders, watch those support and resistance levels on Fibo and trend!
注释
Sold off my gains @ 40.50still holding original position for a steady auto sales market/
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