General Motors Trading Analysis (02/08/2024)
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.
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
