GM - an easy follow up on adequate fundamentals

5 天前

Hi , again traders we are continuing to our next positive stock outlook which we would look into, as we have followed up on the recent fundamentals how President Trump wants to focus and invest a big amount of his attention in the local production and in general in local institutions and adding the outlook of all the tarrifs that he will impose starting from neighbouring countries MEXICO & CANADA all the way to Europe and the biggest impact on China. Based on that I would be extremely bullish into the current example of GM as to they have shown amazing financial reports, they are sitting on a P/E ratio of 5.98 and an outstanding EPS at 9.37. So this is why I would like the completion of the current bull flag towards the strong resistance level before we revisit and go over future attention to this company

Entry 54.90
Target 65.47

As always happy trading!