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General Motors Trading Analysis (02/08/2024)

02.08.2024

Market Review

The trend is ascending. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.

General Motors stock price chart

Trading idea:

  • Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward truncated structure.
  • Stop-loss at 43.08.
  • Price targets at 46.20 and 50.00.


#ge #generalmotors #stock #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Penulis: GC
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