General Motors Trading Analysis (18/06/2025)
The trend is up. The stock is trading between the 365- and 135-EMA. The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy at the beginning of the formation of an ascending wave structure, when wave A breaks 48.87 (pivot 2) of the descending truncated structure.
- Stop-loss below the local minimum of the descending structure.
- Price targets are 50.35 and 50.74.
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