GM can create a long play depending on next few days of trading.
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!
still holding original position for a steady auto sales market/