General Motors - GM - Republishing Buy Signal from October
Graphing fundamentals is extremely important for an investor. You can see important levels that matter to other fundamental investors.
The reason for GM's recent strength may be simply from falling crude oil prices and still low interest rates along with generous financing available for automobiles.
Given the sharp drop in crude oil, I think the best days for this trade/investment are behind it and I will be working on reasons to sell short GM over the next week or two, especially as momentum dies up here and the valuation metrics get a bit stretched. 20% return for a solid company like GM is an excellent risk/reward opportunity.
Cheers.
Tim 1:25PM Friday, February 13, 2015
The reason for GM's recent strength may be simply from falling crude oil prices and still low interest rates along with generous financing available for automobiles.
Given the sharp drop in crude oil, I think the best days for this trade/investment are behind it and I will be working on reasons to sell short GM over the next week or two, especially as momentum dies up here and the valuation metrics get a bit stretched. 20% return for a solid company like GM is an excellent risk/reward opportunity.
Cheers.
Tim 1:25PM Friday, February 13, 2015
Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
