Learn to Evaluate General Motors ($GM) using the Charts
November 04, 2023, 15:15 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GM
- Buy GM slightly over 29.21 target 32.76 stop loss @ 29.13 Details
The technical summary data tells us to buy GM near 29.21 with an upside target of 32.76. This data also tells us to set a stop loss @ 29.13 to protect against excessive loss in case the stock begins to move against the trade. 29.21 is the first level of support below 29.77 , and by rule, any test of support is a buy signal. In this case, support 29.21 would be being tested, so a buy signal would exist.
- Short GM slightly under 32.76, target 29.21, stop loss @ 32.85 Details
The technical summary data is suggesting a short of GM as it gets near 32.76 with a downside target of 29.21. We should have a stop loss in place at 32.85though. 32.76 is the first level of resistance above 29.77, and by rule, any test of resistance is a short signal. In this case, if resistance 32.76 is being tested, so a short signal would exist.
Swing Trading Plans for GM
- Buy GM slightly over 32.76, target 36.41, Stop Loss @ 32.67 Details
If 32.76 begins to break higher, the technical summary data tells us to buy GM just slightly over 32.76, with an upside target of 36.41. The data also tells us to set a stop loss @ 32.67 in case the stock turns against the trade. 32.76 is the first level of resistance above 29.77, and by rule, any break above resistance is a buy signal. In this case, 32.76, 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 32.76, target 29.21, Stop Loss @ 32.85. Details
The technical summary data is suggesting a short of GM if it tests 32.76 with a downside target of 29.21. We should have a stop loss in place at 32.85 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, 32.76, 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 32.76, target 36.41, Stop Loss @ 32.68 Details
If 32.76 begins to break higher, the technical summary data tells us to buy GM just slightly over 32.76, with an upside target of 36.41. The data also tells us to set a stop loss @ 32.68 in case the stock turns against the trade. 32.76 is the first level of resistance above 29.77, and by rule, any break above resistance is a buy signal. In this case, 32.76, 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 32.76, target 29.21, Stop Loss @ 32.84. Details
The technical summary data is suggesting a short of GM if it tests 32.76 with a downside target of 29.21. We should have a stop loss in place at 32.84 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, 32.76, 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.
Check the time stamp on this data. Updated AI-Generated Signals for General Motors (GM) available here: GM.
GM Ratings for November 04:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
29.21 |
| P2 |
28.02 |
26.86 |
32.76 |
| P3 |
28.80 |
28.22 |
36.41 |
AI Generated Signals for GM
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The General Motors (NYSE: GM) report below can help you understand how to do this. The trading plans for GM, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GM:
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