I like the short setup now, because if there is a breakout, it will be magnificent.
I picked GM mainly due to fundamental reasons. If price of oil is too high, people won't get a car when they can't afford a fuel. In the long-term, GM will lose market share to prominent electrict vehicles manufacturers. This switch to electrict cars is another good reason. I expect people to buy used cars if they go for petrol based ones.
I picked GM mainly due to fundamental reasons. If price of oil is too high, people won't get a car when they can't afford a fuel. In the long-term, GM will lose market share to prominent electrict vehicles manufacturers. This switch to electrict cars is another good reason. I expect people to buy used cars if they go for petrol based ones.
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Disclaimer
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.