Trading General Motors $GM With Integrated Risk Controls

March 09, 2023, 09:20 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The General Motors (NYSE: GM) report below can help you, but we have more details too. The trading plans for GM, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for GM

• Buy GM slightly over 35.18 target 40.48 stop loss @ 35.08 Details

The technical summary data tells us to buy GM near 35.18 with an upside target of 40.48. This data also tells us to set a stop loss @ 35.08 to protect against excessive loss in case the stock begins to move against the trade. 35.18 is the first level of support below 39.85 , and by rule, any test of support is a buy signal. In this case, support 35.18 is being tested, a buy signal would exist.

• Short GM slightly under 40.48, target 35.18, stop loss @ 40.6 Details

The technical summary data is suggesting a short of GM as it gets near 40.48 with a downside target of 35.18. We should have a stop loss in place at 40.6though. 40.48 is the first level of resistance above 39.85, and by rule, any test of resistance is a short signal. In this case, if resistance 40.48 is being tested, a short signal would exist.

Swing Trading Plans for GM

• Buy GM slightly over 40.48, target n/a, Stop Loss @ 40.36 Details

If 40.48 begins to break higher, the technical summary data tells us to buy GM just slightly over 40.48, with an upside target of n/a. The data also tells us to set a stop loss @ 40.36 in case the stock turns against the trade. 40.48 is the first level of resistance above 39.85, and by rule, any break above resistance is a buy signal. In this case, 40.48, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short GM slightly near 40.48, target 38.02, Stop Loss @ 40.6. Details

The technical summary data is suggesting a short of GM if it tests 40.48 with a downside target of 38.02. We should have a stop loss in place at 40.6 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 40.48, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for GM

• Buy GM slightly over 40.48, target 41.25, Stop Loss @ 40.39 Details

If 40.48 begins to break higher, the technical summary data tells us to buy GM just slightly over 40.48, with an upside target of 41.25. The data also tells us to set a stop loss @ 40.39 in case the stock turns against the trade. 40.48 is the first level of resistance above 39.85, and by rule, any break above resistance is a buy signal. In this case, 40.48, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short GM slightly near 40.48, target 39.74, Stop Loss @ 40.57. Details

The technical summary data is suggesting a short of GM if it tests 40.48 with a downside target of 39.74. We should have a stop loss in place at 40.57 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 40.48, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

GM Ratings for March 09:

Term →	Near	Mid	Long
Rating	Weak	Strong	Weak
P1	0	0	29.99
P2	39.74	38.02	35.18
P3	41.25	40.41	40.48

Support and Resistance Plot Chart for GM

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