GM: Rejoining the long side here, gradually

7 thg 4, 2017

I like GM here for a bottom against the yearly mode support. It also coincides with a strong support from the uptrend off the 2015 low, which makes me think it won't go any lower than this, despite possibly ranging sideways for a while longer before shooting up with force.

In the long term, GM's valuation down here will let you sleep well at night, while waiting for the breakout in the quarterly timeframe. Target for it is over $57, so it will be worth it as a hold.
Yield is excellent for a company this size, I'm fairly confident that it will gain traction soon.

Cheers,

Ivan Labrie.

18 thg 4, 2017

Ghi chú

Bottom's in lads. I now have a full position, opened near today's low to add.

12 thg 5, 2017

Ghi chú

I am pretty sure GM bottomed. Adding gradually.

17 thg 5, 2017

Giao dịch đang hoạt động

The first bottom was a fake out, now I think this is the real deal:



Huge level...I'm long from here, stop 30.17

1 thg 7, 2017

Ghi chú

Uptrend back in play.

1 thg 7, 2017

Ghi chú

I'm long and in significant profit here, added and trailed stops after reentering recently. It took a while to actually bottom, but now we're ready to move immediately higher.

29 thg 3, 2018

Ghi chú

Good to rejoin the long.

10 thg 9, 2018

Ghi chú

Excellent spot to buy