General Motors Trading Analysis (29/05/2025)
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.
Trade idea:
- Buy at the beginning of the formation of an ascending wave structure, when wave A breaks the sloping channel of the descending truncated structure.
- Stop loss below the local minimum of the descending truncated structure.
- Price targets at 49.50 and 50.50.
#ge #generalmotors #stock #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
