General Motors Trading Analysis (13/01/2025)
The trend is up. The stock is trading between 365 and 135 EMAs. The downward wave structures are truncated. There is a bullish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an oversold condition.
Trading idea:
- Buy at the beginning of the formation of the ascending wave structure, when wave A breaks 50.51 (pivot 2 of wave C of the descending structure).
- Stop loss at 49.72 below the local minimum of the descending structure.
- Price targets at 54.38 and 59.36.
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