GENERAL MOTORS CORP
(GM-NYSE):
Technical Viewpoint: From a low
of $41.45 on Oct 24, 2003 prices
rallied, reaching a
high of $43.45
on Nov 3, 2003. A
decline saw prices pull back, reaching a
low of
$41.01 on Nov 21, 2003.
Another rally saw prices penetrate
resistance, closing 12/3/03
at $45.54. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 28, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $41.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 3, 2003. A P&F upside
reversal takes place at $44.50. Summary: Technical indicators have turned bullish. BUY! GENERAL MOTORS CORP
(GM-NYSE) @ $46.25 Stop: Use a protective stop of $44.25.
GENERAL MOTORS CORP is currently trading @ $45.54 plus $2.26 on Dec 3, 2003. Price Objective:
$58.00. Risk/Reward: $2.00 VS. $11.75. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$58.00
Risk/Reward:
$2.00 VS. $11.75
Risk/Reward Ratio:
6:1
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