the world's most-hated car company is rolling along.
GM
Started by
Jnavin
, Jul 26 2006 09:02 AM
4 replies to this topic
#2
Posted 26 July 2006 - 04:50 PM
7/26 intraday -
http://stockcharts.com/gallery/?gm
moves above recent highs on above-average volume and rising volume trend, but today's volume does not compare favorably to the late June volume candle associated with the price spike to $30.56
today's move up failed to sustain a move into the horizontal resistance zone visible on the PnF chart - $33-34.99
news today -
http://biz.yahoo.com...s_gm.html?.v=23
http://stockcharts.com/gallery/?gm
moves above recent highs on above-average volume and rising volume trend, but today's volume does not compare favorably to the late June volume candle associated with the price spike to $30.56
today's move up failed to sustain a move into the horizontal resistance zone visible on the PnF chart - $33-34.99
news today -
http://biz.yahoo.com...s_gm.html?.v=23
#3
Posted 06 August 2006 - 08:39 PM
It's down against the uptrending channel again. I'm placing a buy stop in place to catch it, if it moves UP tomorrow. A drop is going to leave me on the side. This looks like a possible swing trade to me. I have four such buy stops in place for tomorrow. In each case they must move up in order to trigger the buys.
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~
#5
Posted 09 August 2006 - 03:55 AM
My buy stop on the 7th did not hit. It didn't move up enough to nail it. however, I reset and am now in on the 8th. But I must tell you, the price is already a hair below the trend line and it's right up against my stop loss. So this is going to have to move up, a downmove is going to take me out. This is one of 6 positions I presently have and I have two more buy stops going in this morning that may hit.
I quite frankly wasn't pleased this one moved up and triggered my buy then closed below my trend line. So this could be a quick loss for me, we shall see.
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~