Looking at various stocks to see if we've hit bottom yet. Last week I posted MU, this week it's GM.
We're close, but doesn't look like we're there yet. Note tha in a recession GM could break through the previous support. The company tends to lose money if sales fall because they have a lot of fixed costs.
BTW, look at the indicators.... terribly oversold but doesn't seem to matter.
We're close, but doesn't look like we're there yet. Note tha in a recession GM could break through the previous support. The company tends to lose money if sales fall because they have a lot of fixed costs.
BTW, look at the indicators.... terribly oversold but doesn't seem to matter.
Note
It hit my target and bounced....
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.