General Motors Trading Analysis (17/12/2024)
The trend is up. The stock trades between 365 and 135 EMAs. The downward truncated structure ended with the breach of the descending channel. 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.
- Stop-loss at 51.27 (below the local minimum of the descending structure).
- Price targets at 55.00 and 59.36.
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