BULLISH CYPHER -PATTERN COMPLETION ON GM TO GO SWING LONG...1 MONTH HOLD...
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simbha
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Nice diamond pattern from JULY to this date.
A breakout and backtest could be a good entry.
acborg
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Do you think GM will go higher than $35.50 before the next earnings report?
Last quarter EPS was well above expectations and July sales have gone up the roof, Sales in Europe are also becoming profitable and still the stock price is flat!! What more does the market want from GM ?? The only hiccup I see is the chinese economy, but hey, we don't live in a perfect world ! I just can't understand the lack of confidence that investors have for GM shares.
A breakout and backtest could be a good entry.