GM: Rejoining the long side here, gradually

2017년 4월 7일

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.

2017년 4월 18일

노트

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

2017년 5월 12일

노트

I am pretty sure GM bottomed. Adding gradually.

2017년 5월 17일

액티브 트레이드

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

2017년 7월 1일

노트

Uptrend back in play.

2017년 7월 1일

노트

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.

2018년 3월 29일

노트

Good to rejoin the long.

2018년 9월 10일

노트

Excellent spot to buy