Kom igång
coltsrule7

GM Buy into Earnings

Lång
General Motors Company (NYSE:GM)  
coltsrule7  
NYSE:GM   General Motors Company
Chart Patterns Fibonacci Fundamental Analysis GM Earnings Stocks oversold Bullish Patterns
0
0
chartpattern fibonacci fundamental gm earnings stocks oversold bullish
I believe that General Motors is a strong buy right here. It is in a flag formation and has retraced to the 0.618 Fib level off its most recent move. It has also closed its gap up which was made on the past bullish run. These are all signals pointing to a great GM buying opportunity! With earnings tomorrow it may be smart to hold out until seeing their results, especially if the market is focused on the falling indices. If GM reports good earnings (which I suspect strongly) it may very well go unnoticed. Also the RSI is OVERSOLD! On this awesome american company that trades with only a PE of 8.55 and a Div Yield of 3.84%!





-FYI I am a share holder of GM. This is not financial advice
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.