4 replies to this topic

[Jnavin]

the world's most-hated car company is rolling along.

[hiker]

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

[Sentient Being]

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.

[Jnavin]

Up 1% today, SB -- did you get it?

[Sentient Being]

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.