Wednesday, March 21, 2007

General Motors is Shaping Up Nicely

General Motors (GM) is looking very strong in here. I am seeing definite signs that the stock wants to move higher and sharply so. Aggressive traders can take a bite here, with a stop just below the double bottom. More conservative traders might want to wait until we clear a 50% retracement of the most recent decline.


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1 comment:

  1. txdaveMarch 25, 2007 at 8:12 AM

    Blog looks very good, specialized but I suppose there is an audience.

    If you want an audience less sophisticated than yourself, you must explain to those less knowledgeable than yourself.

    good luck

    dave

    ReplyDelete