General Motors Trading Analysis (06/06/2025)
The trend is up. The stock is trading between the 365- and 135-EMA. The downward wave structures are 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 the sloping channel of the descending truncated structure.
- Stop-loss at 46.80.
- Price targets are 49.10 and 50.50.
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