GM: Rejoining the long side here, gradually
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.
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.
Bình luận:
I am pretty sure $GM bottomed. Adding gradually.
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
Huge level...I'm long from here, stop 30.17
Bình luận:
Uptrend back in play.
Uptrend back in play.
Bình luận:
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.
Bình luận:
Good to rejoin the long.
Good to rejoin the long.
Bình luận:
Excellent spot to buy
Bottom's in lads. I now have a full position, opened near today's low to add.